After drifting 4.7 percent, Chinese platinum bar turned out to be the biggest mover on the weekly Global Precious Metals MMI®.
The price of US platinum bar decreased 4.3 percent from the previous week. Japanese platinum bar dropped 4.2 percent.
The price of Japanese palladium bar increased 2.5 percent this week, closing out the fourth consecutive week of rising prices. Following a 0.3 percent increase in the week prior, the price of US palladium bar fell 2.3 percent last week. Chinese palladium bar fell 2.2 percent over the past week.
After a 1.8 percent decline, US gold bullion closed out the week down. Indian gold bullion saw a 1.6 percent decline over the past week. Japanese gold bullion prices were off slightly, down from above $52 a week ago. The price of Chinese gold bullion declined 1.3 percent over the past week.
The price of US silver finished the week down 3.5 percent. Closing out the third week of declining prices, the price of Chinese silver dropped by 3.2 percent. For the third week in a row, the price of Indian silver dropped, falling 2.9 percent. The price of Japanese silver rose 2 percent after falling 5.8 percent during the previous week.
The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends. For more information on the Global Precious Metals MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.