UNITED STATES July 01 2015 12:26 PM NEW YORK (Scrap Register): United States gold scrap prices slightly up on Tuesday, while gold futures prices at New York Mercantile Exchange dropped as the prospect that Greece would default on a repayment to the International Monetary Fund knocked the euro against the dollar, and as investors remained wary over the metal's longer-term prospects. The major gold scrap commodities on the Scrap Register Price Index traded slightly higher on Tuesday. The 9ct hallmarked gold scrap prices edged up by 0.47% to $ 427.77 an ounce and 14ct hallmarked gold scrap prices up slightly to $ 667.321an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also edged up at $855.54 ounce and $1044.9 an ounce respectively. As per Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices up slightly to $404.618 an ounce and 14ct non-hallmarked gold scrap prices edged up to $631.203 an ounce on Tuesday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded slightly up to $809.235 an ounce and $988.346 an ounce respectively. However, the most active August gold contract on the COMEX division of the New York Mercantile Exchange was last trade down $7 an ounce at $1,171.90 an ounce on Tuesday. Gold prices have been trending lower amid last ditch efforts to revive talks between Greece and its creditors. Investors continued to monitor the unfolding drama in Greece, which has responded to a last-minute offer from creditors with a request for a two-year bailout and debt restructuring. Greeks appear ready to default on their sovereign debt, unwilling to fulfill terms of a rescue package from a few years back. On the economic front, home prices in major U.S. metropolitan areas unexpectedly grew at a slower annual rate in April, a report from Standard & Poor's showed Tuesday.

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