The week’s biggest mover on the weekly Global Precious Metals MMI® was Japanese palladium bar, which saw a 3.4 percent increase. US palladium bar rose by a slight 2.2 percent. The price of Chinese palladium bar increased by a slight 1.9 percent over the past week.
The price of Japanese platinum bar rose 3.4 percent this week, closing out the third week. Chinese platinum bar gained a slight 2.4 percent this past week. In the past week, US platinum bar saw its price shift up 1.9 percent.
Japanese gold bullion prices ticked up 2.1 percent over the past week. US gold bullion rose 0.9 percent over the past week. Chinese gold bullion saw its price rise 0.3 percent over the past week. The price of Indian gold bullion fell 0.2 percent after rising 1.4 percent the week before.
Following a 1.2 percent increase in the week prior, the price of Indian silver fell 1.2 percent last week. The price of Japanese silver fell 0.1 percent after rising 0.3 percent the week before. Following a 0.1 percent increase, US silver finished the week. Chinese silver traded sideways last 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.