Chinese Platinum Bar Falls on Weekly Precious Metals Price Index

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The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Chinese platinum bar, which saw a 5.3 percent decline. This comes on the heels of a 6.3 percent increase the week before.

Following a 5.9 percent increase in the week prior, the price of Japanese platinum bar fell 4.8 percent last week. The price of US platinum bar fell 4.3 percent after rising 7.2 percent the week before.

Following a 4.5 percent increase in the week prior, the price of US palladium bar fell 3.7 percent last week. The price of Chinese palladium bar fell 3.6 percent after rising 5.7 percent the week before. Following a 2.6 percent increase in the week prior, the price of Japanese palladium bar fell 3.2 percent.

Indian gold bullion fell 1.3 percent over the past week. The price of Chinese gold bullion fell 1 percent after rising 1.8 percent the week before. Following a 1.3 percent increase in the week prior, the price of Japanese gold bullion fell 0.2 percent last week. The price of US gold bullion rose 0.1 percent over the past week — the third week in a row of increasing prices.

The price of Chinese silver fell 3 percent after rising 2.5 percent the week before. Indian silver closed out the week after a 2.5 percent decline. Following a 2 percent increase in the week prior, the price of Japanese silver fell 2.2 percent last week. The price of US silver fell 0.5 percent after rising 4 percent the week before.

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.

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