US Gold, Silver and PGM Prices Support Precious Metals Index

by on

Correction: This article has been updated to reflect a revised Global Precious Metals MMI index value due to a formula error. We apologize for any inconvenience this may have caused.

Monthly Global Precious Metals MMI December 2012 Revised

The monthly Global Precious Metals MMI® registered a value of 111 in December, one point above November’s value.

The global precious metals monthly price index exhibited some unusual behavior this month, despite the nearly flat reading of 111.

today's metal prices - MetalMiner IndXAll metals covered by the index, including gold, silver, platinum and palladium, dropped for all regions covered – India, China and Japan — with support only coming from the United States, whose prices for each of the four metals increased from the previous month.

“The global precious metals index will win the award of ‘most volatile index’ within the MetalMiner MMI series for 2012,” said Lisa Reisman, managing editor of MetalMiner.

Select Price Drivers of the Precious Metals Index

The US gold bullion price ticked up 1 percent, while US silver prices increased 3.5 percent per ounce.

The biggest drop was sustained by Japanese palladium bars, falling 7.4 percent.

today's metal prices - MetalMiner IndXThe Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends over a 30-day period. 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.

Comments (3)

  1. Roy Berger says:

    No, it won’t be the government demanding precious metal this time. Look out. In addition to industrial and investor demand driving the price of silver we also have the obvious: On December 21st, 2012 everyone will have to cough up 16 Troy ounces of silver to our alien overlords. Giant space ships filled with comic books and silver skin aliens will offer temporary shelter from the Fiat Cash Ponzi Lizard (FCPL) schemers who seek to end history. Otherwise known as the silver solstice, the boarding price for anyone desiring to survive X day will be in silver, thus driving the price up to the sky as the aliens are not on the dollar standard. You did know that the space aliens aren’t on a dollar standard right? Cause I don’t like tossing out these pearls for nothing. I trust this analysis will be helpful. See you at the Bank of Mars (established 1957)after the apocalypse in the new year. So that gives you 9-10 days left before your e-book readers turn into dinner plates. Cheers. Just trying to help out.

  2. Thank you for your insightful wisdom. We’d love to invite you to comment on the 22nd should things not work out per your prediction. Cheers! ~MetalMiner Editorial Team

Leave a Comment

Your email address will not be published. Required fields are marked *