Scrap Gold and Silver prices rise on Index, Platinum drops on 13th …

February 20, 2017 Posted by admin

By Paul Ploumis
February 14, 2017 12:33:06 AM

SEATTLE (Scrap Monster): The daily scrap gold and silver prices – hallmarked and non- hallmarked moved higher from previous day on Monday, 13th February, 2017 on the ScrapMonster Price Index. However, the prices of Platinum scrap declined over the day.

In the Hallmarked category, the 14 carat gold scrap prices went higher by $ 2.07 per Oz. The prices of 18 carat and 22 carat gold scrap also went higher by $ 2.65 per Oz and $ 3.24 per Oz respectively. 9 carat gold scrap prices increased by $ 1.33 per Oz. The price of Platinum scrap witnessed decline of $ 18.95 per Oz to reach $ 724.02 per Oz. Silver scrap prices saw up tick of  $0.29 per Oz.

In the Non-Hallmarked category, the 14 carat gold scrap prices went higher by $ 1.96 per Oz. The prices of 18 carat and 22 carat gold scrap too went up by $ 2.52 and $ 3.07 per Oz respectively.9 carat gold scrap also increased by $ 1.26 per Oz. The price of Platinum scrap witnessed a decline of $ 18.95 per Oz to reach $ 724.02 per Oz. Meantime, Silver scrap prices inched higher by $ 0.26 per Oz during the day.

Article source: https://news.metal.com/newscontent/100723344/scrap-gold-and-silver-prices-rise-on-index,-platinum-drops-on-13th-feb,-2017

Senate votes to scrap gold pass for MPs | SBS News

February 19, 2017 Posted by admin

One of the most generous retirement perks for federal MPs has become a “relic of a bygone era” as the federal government tries to rebuild voter trust after Sussan Ley’s expenses scandal.

Legislation to immediately axe the life gold travel pass for politicians cleared parliament on Thursday night, despite the objections of veteran coalition senator Ian Macdonald.

“The life gold pass for parliamentarians is a relic of a bygone era,” Special Minister of State Scott Ryan said.

“Australians rightly expect parliamentarians and former parliamentarians to spend money efficiently, effectively and ethically.”

The new laws mean free travel will be limited to former prime ministers.


New laws to establish an expenses watchdog to hold federal politicians to account over how they spend taxpayer money also cleared parliament.

The watchdog will audit and report on parliamentary work expenses as well as provide advice, monitor and administer claims for travel expenses and allowances by parliamentarians and their staff.

The Senate sat late into the night to debate the legislation, with Senator Macdonald voting against the government on the gold pass axing and attempting to move several amendments.

He objected to the retrospective nature of the change, insisting “elderly retired” politicians should not be stripped of an entitlement they were promised in the past.

Prime Minister Malcolm Turnbull announced the changes in January amid public outrage following revelations senior ministers were using taxpayer funds to attend parties and sporting events.

The expenses scandal claimed the scalp of former health minister Ms Ley after it was revealed she bought an investment property on a taxpayer-funded trip.

WATCH: Liberal senator ‘distressed’ by gold pass axe

Article source: http://www.sbs.com.au/news/article/2017/02/17/senate-votes-scrap-gold-pass-mps

US Gold Scrap prices edge up; Gold Futures settle down

February 18, 2017 Posted by admin

UNITED STATES February 15 2017 5:02 PM

NEW YORK (Scrap Register): United States scrap gold prices edged up on Tuesday, while gold futures prices at New York Mercantile Exchange settled down as the U.S. dollar strengthened on the back upbeat comments from Federal Reserve Chairwoman Janet Yellen on the nation’s economy.

The major gold scrap commodities on the Scrap Register Price Index traded slightly higher on Tuesday. The 9ct hallmarked gold scrap prices gained slightly by 0.695% to $447.685 an ounce and 14ct hallmarked gold scrap prices edged higher to $698.389 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also higher at $895.371 ounce and $1093.546 an ounce respectively.

According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices climbed to $423.455 an ounce and 14ct non-hallmarked gold scrap prices up to $660.59 an ounce on Tuesday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded slightly higher at $846.91 an ounce and $1034.359 an ounce respectively.

The most active April gold contract on the COMEX division of the New York Mercantile Exchange down by 40 cents to settle at $1,225.40 an ounce on Tuesday after trading as high as $1,236 before the Yellen’s remarks.

Gold futures weaved between modest gains and losses as Yellen offered her testimony Tuesday. She’ll return to Capitol Hill to go before a House panel on Wednesday. Prices had notched their third straight loss on Monday, after logging a sixth weekly rise in seven weeks on Friday.

Article source: https://news.metal.com/newscontent/100723676/us-gold-scrap-prices-edge-up-gold-futures-settle-down