With a 2.9 percent increase over the past week, US palladium bar was the biggest mover on the weekly Global Precious Metals MMI®.
The price of Japanese palladium bar finished the week 2.8 percent higher. Closing out the third week of rising prices, the price of Chinese palladium bar increased by 2.3 percent.
The price of Chinese platinum bar rose 0.8 percent over the past week. This was the third week in a row of increasing prices. The price of Japanese platinum bar rose 0.7 percent this week. US platinum bar traded sideways last week.
Following a 1.3 percent increase in the week prior, the price of US gold bullion fell 1.5 percent last week. The price of Chinese gold bullion fell 1.4 percent after rising 1.4 percent the week before. Following a 2.4 percent increase in the week prior, the price of Japanese gold bullion fell 0.9 percent last week. The week finished with no movement for Indian gold bullion.
The price of Chinese silver fell 2.5 percent, after rising 4.7 percent the week before. Following a 4.8 percent increase in the week prior, the price of US silver fell 2.2 percent last week. The price of Indian silver fell 1.5 percent after rising 2.6 percent the week before. The price of Japanese silver finished the week 0.7 percent higher.
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.