Chinese rate cut influences US Scrap Gold prices, Gold Futures

August 27, 2015 Posted by admin

<!–

UNITED STATES August 26 2015 6:15 PM

NEW YORK (Scrap Register): United States gold scrap prices declined on Tuesday in line with gold futures prices at New York Mercantile Exchange as news that China cut its benchmark interest rate helped stabilize global markets and bolster the U.S. dollar, prompting prices to log a decline for a second straight session.

The major gold scrap commodities on the Scrap Register Price Index traded down on Tuesday. The 9ct hallmarked gold scrap prices down to $413.766 an ounce and 14ct hallmarked gold scrap prices declined to $645.474 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also down at $827.531 ounce and $1010.692 an ounce respectively.

According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices dropped to $391.371 an ounce and 14ct non-hallmarked gold scrap prices down to $610.539 an ounce on Tuesday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded down to $782.742 an ounce and $955.989 an ounce respectively.

The most active December gold contract on the COMEX division of the New York Mercantile Exchange settled down by down $16.90 at $1,136.70 an ounce on Tuesday.

The move encouraged investors back to equities with some bargain hunting evident in the process. The Chines decision to lower interest rates helped bring stability to global equity markets and as well bolstered the U.S. dollar, following yesterdays massive declines in global equity markets over fears focused on the economic doldrums in China.

The Chinese authorities lowered interest rates overnight, hoping to jump start what was the worlds fastest growing global economy. This helped equities snap back this morning after brutal losses in the previous session. The interest rates were reduced by 0.25 percentage points each, the Peoples Bank of China said in a statement on its website.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)

–>

UNITED STATES August 26 2015 6:15 PM

NEW YORK (Scrap Register): United States gold scrap prices declined on Tuesday in line with gold futures prices at New York Mercantile Exchange as news that China cut its benchmark interest rate helped stabilize global markets and bolster the U.S. dollar, prompting prices to log a decline for a second straight session.

The major gold scrap commodities on the Scrap Register Price Index traded down on Tuesday. The 9ct hallmarked gold scrap prices down to $413.766 an ounce and 14ct hallmarked gold scrap prices declined to $645.474 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also down at $827.531 ounce and $1010.692 an ounce respectively.

According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices dropped to $391.371 an ounce and 14ct non-hallmarked gold scrap prices down to $610.539 an ounce on Tuesday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded down to $782.742 an ounce and $955.989 an ounce respectively.

The most active December gold contract on the COMEX division of the New York Mercantile Exchange settled down by down $16.90 at $1,136.70 an ounce on Tuesday.

The move encouraged investors back to equities with some bargain hunting evident in the process. The Chines decision to lower interest rates helped bring stability to global equity markets and as well bolstered the U.S. dollar, following yesterday’s massive declines in global equity markets over fears focused on the economic doldrums in China.

The Chinese authorities lowered interest rates overnight, hoping to jump start what was the world’s fastest growing global economy . This helped equities snap back this morning after brutal losses in the previous session. The interest rates were reduced by 0.25 percentage points each, the People’s Bank of China said in a statement on its website.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)

<!– news

–>

Article source: http://www.metal.com/newscontent/76968_chinese-rate-cut-influences-us-scrap-gold-prices-gold-futures

Scrap gold moves higher, Platinum and Silver prices drop 25th Aug 2015

August 26, 2015 Posted by admin

<!–

By Paul Ploumis 26 Aug 2015 Last updated at 00:38:22 GMT

SPOKANE (Scrap Monster): The daily scrap gold prices – hallmarked and non- hallmarked edged higher marginally on Tuesday, 25th August on the ScrapMonster Price Index. However, the prices of Platinum and Silver scrap fell over the day.

In the Hallmarked category, the 14 carat gold scrap prices went higher by $ 0.42 per Oz. The prices of 18 carat and 22 carat gold scrap also went higher by $ 0.54 per Oz and $ 0.67 per Oz respectively. 9 carat gold scrap prices increased by $ 0.27 per Oz. The price of Platinum scrap witnessed sharp decline of $ 30.63 per Oz to reach $ 718.91 per Oz. Silver scrap prices too were down by $ 0.05 per Oz.

In the Non-Hallmarked category, the 14 carat gold scrap prices went higher by $ 0.40 per Oz. The prices of 18 carat and 22 carat gold scrap too went up by $ 0.51 and $ 0.63 per Oz respectively.9 carat gold scrap also increased by $ 0.26 per Oz. The price of Platinum scrap witnessed huge decline of $ 30.63 per Oz to reach $ 718.91 per Oz. Silver scrap prices edged lower by $0.05 per Oz over the previous day.

Subscribe to Scrap Monster Live Scrap Prices

–>

By  Paul Ploumis 26 Aug 2015  Last updated at  00:38:22 GMT

SPOKANE (Scrap Monster): The daily scrap gold prices – hallmarked and non- hallmarked edged higher marginally on Tuesday, 25th August on the ScrapMonster Price Index. However, the prices of Platinum and Silver scrap fell over the day.

In the Hallmarked category, the 14 carat gold scrap prices went higher by $ 0.42 per Oz. The prices of 18 carat and 22 carat gold scrap also went higher by $ 0.54 per Oz and $ 0.67 per Oz respectively. 9 carat gold scrap prices increased by $ 0.27 per Oz. The price of Platinum scrap witnessed sharp decline of $ 30.63 per Oz to reach $ 718.91 per Oz. Silver scrap prices too were down by $ 0.05 per Oz.

In the Non-Hallmarked category, the 14 carat gold scrap prices went higher by $ 0.40 per Oz. The prices of 18 carat and 22 carat gold scrap too went up by $ 0.51 and $ 0.63 per Oz respectively.9 carat gold scrap also increased by $ 0.26 per Oz. The price of Platinum scrap witnessed huge decline of $ 30.63 per Oz to reach $ 718.91 per Oz. Silver scrap prices edged lower by $0.05 per Oz over the previous day.

Subscribe to Scrap Monster Live Scrap Prices

<!– news

–>

Article source: http://www.metal.com/newscontent/76926_scrap-gold-moves-higher-platinum-and-silver-prices-drop-25th-aug-2015

US Scrap Gold prices advance further; Gold Futures settles down

August 25, 2015 Posted by admin

<!–

UNITED STATES August 25 2015 10:30 AM

NEW YORK (Scrap Register):United States gold scrap prices gained on Monday, while gold futures prices at New York Mercantile Exchange settled lower as some traders sold the precious metal to raise cash needed to cover losses in stocks.

The major gold scrap commodities on the Scrap Register Price Index advanced on Monday. The 9ct hallmarked gold scrap prices rose to $424.314 an ounce and 14ct hallmarked gold scrap prices advanced to $661.93 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also gained at $848.629 ounce and $1036.459 an ounce respectively.

According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices rose to $401.349 an ounce and 14ct non-hallmarked gold scrap prices up to $626.104 an ounce on Monday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded higher at $802.698 an ounce and $980.362 an ounce respectively.

The most active December gold contract on the COMEX division of the New York Mercantile Exchange last traded down by $5.30 to $1,154.30 an ounce on Monday.

US stock futures are pointing to massive losses again Monday following last weeks brutal performance. As Chinese stocks continue to get thrashed, concerns over a Fed rate hike set off speculations in the market with most major averages on Wall Street spiraling down sharply.

Chinese stocks plummeted over 8 percent, roiling most global equity markets, with European marking their worst performance since 2008. As a result of the turmoil, Bullion trader believe the Fed may postpone any plans of an immediate interest rate hike, may be at least until spring next year.

Gold also found little support with the dollar also taking a beating. A Golds safe have appeal has made it an attractive, although investors continued to cautiously monitor the precious metal after the mayhem in global equity markets.

–>

UNITED STATES August 25 2015 10:30 AM

NEW YORK (Scrap Register): United States gold scrap prices gained on Monday, while gold futures prices at New York Mercantile Exchange settled lower as some traders sold the precious metal to raise cash needed to cover losses in stocks .

The major gold scrap commodities on the Scrap Register Price Index advanced on Monday. The 9ct hallmarked gold scrap prices rose to $424.314 an ounce and 14ct hallmarked gold scrap prices advanced to $661.93 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also gained at $848.629 ounce and $1036.459 an ounce respectively.

According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices rose to $401.349 an ounce and 14ct non-hallmarked gold scrap prices up to $626.104 an ounce on Monday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded higher at $802.698 an ounce and $980.362 an ounce respectively.

The most active December gold contract on the COMEX division of the New York Mercantile Exchange last traded down by $5.30 to $1,154.30 an ounce on Monday.

US stock futures are pointing to massive losses again Monday following last week’s brutal performance. As Chinese stocks continue to get thrashed, concerns over a Fed rate hike set off speculations in the market with most major averages on Wall Street spiraling down sharply. 

Chinese stocks plummeted over 8 percent, roiling most global equity markets, with European marking their worst performance since 2008. As a result of the turmoil, Bullion trader believe the Fed may postpone any plans of an immediate interest rate hike, may be at least until spring next year. 

Gold also found little support with the dollar also taking a beating. A Gold’s safe have appeal has made it an attractive, although investors continued to cautiously monitor the precious metal after the mayhem in global equity markets.

<!– news

–>

Article source: http://www.metal.com/newscontent/76884_us-scrap-gold-prices-advance-further-gold-futures-settles-down