US Scrap Gold, Gold Futures prices advance as US ISM data disappoint

NEW YORK (Scrap Register): United States scrap gold prices advanced on Monday, while gold futures prices at New York Mercantile Exchange settled higher as assets perceived as risky came under pressure in trade in New York.
The major gold scrap commodities on the Scrap Register Price Index gained on Monday. The 9ct hallmarked gold scrap prices advanced by 0.551% to $453.687 an ounce and 14ct hallmarked gold scrap prices rose to $ 707.752 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also traded higher at $907.374 ounce and $1108.207 an ounce respectively.
According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices climbed to $429.132 an ounce and 14ct non-hallmarked gold scrap prices gained to $669.446 an ounce on Monday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also advanced to $858.264 an ounce and $1048.226 an ounce respectively.
The most active June gold contract on the COMEX division of the New York Mercantile Exchange up $4.20 to end at $1,255.20 an ounce on Monday, after finishing Friday trade higher and booking an 8.1% quarterly advance for the most-active contract.
On Monday, gold was modestly lower, but regained ground to trade in positive territory after the Institute for Supply Management said its manufacturing index fell slightly to 57.2% last month from 57.7% in February.