With a 5.5 percent increase over the past week, Chinese platinum bar was the biggest mover on the weekly Global Precious Metals MMI®.
Over the past week, Japanese platinum bar rose 4.8 percent. US platinum bar prices finished the week following a 1.7 percent increase.
The price of Japanese palladium bar rose 5.5 percent after falling 4.1 percent during the previous week. Following a 0.6 percent increase in the week prior, the price of Chinese palladium bar fell 3.1 percent last week. The price of US palladium bar rose 2.6 percent after falling 3.9 percent during the previous week.
The price of Japanese gold bullion rose 2.1 percent over the past week. This was the fourth week in a row of increasing prices. The price of Chinese gold bullion rose 0.6 percent after falling 0.3 percent during the previous week. The price of US gold bullion increased 0.3 percent this week, closing out the fourth consecutive week of rising prices. The price of Indian gold bullion finished the week down 0.2 percent.
Finishing the fourth week of rising prices, the price of Japanese silver increased by 1.5 percent. The price of Indian silver fell 1.3 percent after rising 0.3 percent the week before. Following a 1.2 percent increase in the week prior, the price of Chinese silver fell 0.8 percent last week. The price of US silver fell 0.5 percent after rising 0.5 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.