US Platinum Price Week Shoots Up on Weekly Precious Metals Index

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US platinum bar saw the largest upwards price shift on the weekly Global Precious Metals MMI®, rising 8.1 percent to settle at $1,674 per ounce.

The price of Japanese platinum bar increased 2.7 percent this week, closing out the fourth consecutive week of rising prices. Finishing the fourth week of rising prices, the price of Chinese platinum bar increased by 0.4 percent.

today's metal prices - MetalMiner IndX
The price of Japanese palladium bar rose 4.2 percent over the past week. This was the fourth week in a row of increasing prices. The price of Chinese palladium bar increased 1.7 percent this week, closing out the fourth consecutive week of rising prices. The price of US palladium bar rose 0.1 percent this week, closing out the third week of increases.

The price of Japanese gold bullion rose 2.7 percent after falling 0.9 percent during the previous week. Indian gold bullion prices were off slightly, down from a week ago. The price of Chinese gold bullion rose 0.7 percent after falling 1.4 percent during the previous week. The price of US gold bullion rose 0.3 percent after falling 1.5 percent during the previous week.

The price of Japanese silver rose 2.1 percent over the past week. This was the fourth week in a row of increasing prices. The price of Chinese silver rose 1.3 percent after falling 2.5 percent during the previous week. The price of US silver rose 0.9 percent after falling 2.2 percent during the previous week. The price of Indian silver declined 0.4 percent.

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.