The week’s biggest mover on the weekly Global Precious Metals MMI®, Japanese platinum bar jumped 6.2 percent. With a 4.3 percent climb, Chinese platinum bar claimed the week’s largest gain. Following a steady week, prices for US platinum bar closed flat.
The price of Japanese palladium bar rose 2.5 percent this week. The price of US palladium bar rose 2.2 percent after falling 1.7 percent during the previous week. Chinese palladium bar rose by a slight 1.5 percent.
The price of Japanese gold bullion rose 2.1 percent over the past week–this was the third week in a row of increasing prices. Following a 0.7 percent increase in the week prior, the price of Indian gold bullion fell 0.7 percent last week. US gold bullion saw its price rise 0.4 percent over the past week. Chinese gold bullion gained a slight 0.2 percent this past week.
Japanese silver rose 2.9 percent over the past week. The price of Chinese silver rose 1.1 percent after falling 0.2 percent during the previous week. US silver prices ticked up 0.9 percent over the past week. The price of Indian silver fell 0.3 percent after rising 1.1 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.