A 2.3 percent improvement on the weekly Global Precious Metals MMI® made the US platinum bar price the week’s biggest mover, closing above $1,700 per ounce.
Following a 2.2 percent increase, Chinese platinum bar finished the week. The price of Japanese platinum bar finished the week 1.1 percent higher.
The price of US palladium bar rose 1.5 percent this week, closing out the third week of increases. The price of Japanese palladium bar fell 1.3 percent after rising 4.2 percent the week before. The price of Chinese palladium bar rose 0.5 percent over the past week. This was the third week in a row of increasing prices.
The price of Indian gold bullion rose 0.9 percent after falling 1 percent during the previous week. Closing out the third week of rising prices, the price of Japanese gold bullion increased by 0.5 percent. The price of Chinese gold bullion finished the week 0.3 percent higher. Closing out the third week of rising prices, the price of US gold bullion increased by 0.2 percent.
Following a 2.1 percent increase in the week prior, the price of Japanese silver fell 2.3 percent last week. The price of Chinese silver rose 0.2 percent over the past week. This was the third week in a row of increasing prices. The price of US silver fell 0.1 percent after rising 0.9 percent the week before. Indian silver prices held steady from the previous week.
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.