The Global Precious Metals MMI (Monthly Metals Index) held its four-month long sideways trend month-over-month. All in all, the index narrowly missed trading flat, only budging down 0.18%. However, numerous factors continue to pull at precious metals prices in general. Gold, for one, appeared to finally be settling down after reaching record highs earlier in […]
Tag: Precious Metals
Global Precious Metals MMI: Long-Term Precious Metal Price Direction Remains Uncertain
The Global Precious Metals MMI (Monthly Metals Index) showed slight upward price action month-over-month, rising by 2.57%. Despite this, the overall trend of the index held sideways. In terms of specific precious metal prices, platinum and silver experienced upward price action through May before retreating back into range at the beginning of June. This served […]
Stock Market Soars as S&P 500 and NASDAQ Hit Record Highs
With the most recent economic data coming in hot for this month, overall financial markets presented optimistic signals. Amid futures tied to major stock indexes rallying to new highs, markets could see a significant impact on metal prices, including gold and copper prices. The S&P500 closed just over $528, and the NASDAQ composite index closed […]
Global Precious Metals MMI: Gold Sees a Strong Rally
Once again, the Global Precious Metals MMI (Monthly Metals Index) failed to exhibit strong bearish or bullish pressure. The index remained sideways throughout February, budging down a mere 0.65%. Despite this, some bullish pressure did seep into precious metal prices at the beginning of March, when numerous precious metals began to rally. Gold prices, in […]
Global Precious Metals MMI: Precious Metal Prices Edge Further Down Month-on-Month
After almost a year of sideways movement, the Global Precious Metals MMI (Monthly Metals Index) broke its trend, declining by 4.71%. Despite the break in sideways movement for precious metal prices as a whole, most individual commodities still lack strong bullish or bearish movement as they move through Q1. Most gold and other precious metals […]
Global Precious Metals MMI: Index Rises, But Long-Term Forecasts Remain Bearish
The Global Precious Metals MMI (Monthly Metals Index) ended 2023 by breaking out of its sideways trend and rising 3.64%. However, most precious metals still lack strong bullish action. All precious metals retracted in January after experiencing rallies throughout December. Currently, precious metals prices, for the most part, lack the strength needed to break out […]
US Dollar Index Signals Bearish Trends While Precious Metals Shine Bright
This month, prices for stock indices have continued to see gains week over week as we roll into the new year. Last week’s dovish tone from the Fed fueled bets from investors on deeper and faster interest rate cuts going into 2024, which could continue to drive indices up. How will this impact the US […]
Global Precious Metals MMI: Some Precious Metals Prices Up, Index Stays Flat
The Global Precious Metals MMI (Monthly Metals Index) narrowly missed trading flat, only inching up a slight 0.17%. During the period from November 1 to December 1, precious metals prices, specifically gold and silver, surged significantly. For instance, the price of gold increased from $1,839.01 per troy ounce to $2,037.74, marking a substantial 10.81% uptick. […]
November Rally: Multiple Precious Metal Prices Soared, But Silver Stole the Show
This month, both stock indices and precious metal prices saw consistent gains week over week as conflict continues to unfold in the Middle East and Europe. With prices for Yields falling a little over 3%, reaching their lowest levels in two months, price action for stock indices recently drove markets above 7% in response to […]
Global Precious Metals MMI: Precious Metals Prices Remain Mostly Sideways Amid Conflicting Factors
The Global Precious Metals MMI (Monthly Metals Index) maintained a sideways trend once again, this time moving up only 2.07%. That said, the overall future for precious metals prices brightened recently. For example, through October, gold increased around $150 per ounce. However, there were several variations in the prices of precious metals between October 1 […]