US Scrap Gold prices decline on Tuesday; COMEX Gold rises

April 24, 2015 Posted by admin

UNITED STATES April 22 2015 10:22 AM
 

NEW YORK (Scrap Register): United States scrap gold prices dropped on Tuesday, while gold futures prices at New York Mercantile, recouping most of the previous session’s losses in choppy, currency-driven trade after the U.S. dollar turned lower and bolstered bullion’s appeal.

As per Scrap Register Price Index, the prices of 9ct Gold Scrap hallmarked dropped to $435.227 an ounce and 14ct Gold Scrap hallmarked traded down at $678.954 an ounce on Tuesday.

The prices of 9ct Gold Scrap non-hallmarked declined to $411.671 an ounce on Tuesday and 14ct Gold Scrap non-hallmarked traded down at $642.206 an ounce.

However, the most active June gold contract on the COMEX division of the New York Mercantile Exchange settled up $8.30 at $1,202 an ounce on Tuesday.

Greece remains a significant concern to the yellow metal market place this week. Greek and International Monetary Fund/European Union officials debt restructuring talks continue but reports say not much progress is being made.

Reports Monday said the Greek government ordered all state entities to move their cash reserves to the Greek central bank. This is a sign of a cash crunch in Greece.

Greek bond yields have risen sharply recently and hit new record highs Tuesday, due to the doubts about Greece being able to pay its debts without serious economic reforms. The Greece-EU debt impasse is becoming a distress on world markets, but not yet a serious one.

There are growing concerns in the market place that Greece will at some point default on its EU debt obligations. This matter will likely get worse before it gets better, in the eyes of traders and investors worldwide.

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Article source: http://www.metal.com/newscontent/72189_us-scrap-gold-prices-decline-on-tuesday-comex-gold-rises

US Scrap Gold prices drop further on Wednesday in line with COMEX Gold

April 23, 2015 Posted by admin

Apr 23, 2015 10:15 GMT   Source:Scrap Register

Tags: United States scrap gold prices

 

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Article source: http://www.metal.com/newscontent/72250_us-scrap-gold-prices-drop-further-on-wednesday-in-line-with-comex-gold

Scrap Gold, Silver and Platinum prices dropped on Index April 20

April 22, 2015 Posted by admin

Author: Paul Ploumis
21 Apr 2015 Last updated at 06:45:58 GMT
SEATTLE (Scrap Monster): The daily scrap gold and silver prices – hallmarked and non- hallmarked declined Monday, 20th April, 2015 on the ScrapMonster Price Index. Platinum scrap prices too slumped.

In the Hallmarked category, the 14 carat gold scrap prices were down by $ 0.74 per Oz. The prices of 18 carat and 22 carat gold scrap inched lower by $ 0.95 and $ 1.15 per Oz respectively.9 carat gold scrap also went lower by $ 0.47 per Oz. The price of Platinum scrap saw cut of $ 4.37 per Oz to reach $ 846.51 per Oz. Silver scrap prices too closed slightly on the lower side at $13.24 per Oz, edging lower by $ 0.22 per Oz.

In the Non-Hallmarked category, the 14 carat gold scrap prices edged lower by $ 0.70 per Oz. The prices of 18 carat and 22 carat gold scrap were down $ 0.90 and $ 1.10 per Oz respectively. 9 carat gold scrap also was down $ 0.45 per Oz. Platinum scrap prices fell by $ 4.37 per Oz. Meantime, Non-hallmarked silver scrap prices witnessed a fall of $ 0.20 per Oz.

 

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Article source: http://www.metal.com/newscontent/72168_scrap-gold-silver-and-platinum-prices-dropped-on-index-april-20