Palladium Prices Trending Downwards on Weekly Precious Metals Index

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After falling 4.1 percent, Japanese palladium bar was the biggest price mover on the weekly Global Precious Metals MMI®.

US palladium bar prices fell nearly $30 per ounce from a week ago. The price of Chinese palladium bar, however, rose 0.6 percent after falling 3.6 percent during the previous week.

The price of US platinum bar rose 2.5 percent after falling 4.3 percent during the previous week. The price of Japanese platinum bar rose 2.1 percent after falling 4.8 percent during the previous week, and the price of Chinese platinum bar rose 1.8 percent after falling 5.3 percent during the previous week.

Indian gold bullion saw a 1 percent decline over the past week. Chinese gold bullion fell 0.3 percent. Closing out the third week of rising prices, the price of US gold bullion increased by 0.2 percent. The price of Japanese gold bullion rose 0.1 percent after falling 0.2 percent during the previous week.

The price of Japanese silver rose 2 percent after falling 2.2 percent during the previous week. The price of Chinese silver rose 1.2 percent after falling 3 percent during the week before. The price of US silver rose 0.5 percent after falling 0.5 percent during the previous week. The price of Indian silver rose 0.3 percent after falling 2.5 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.

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