The biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese palladium bar, which saw a 3.7 percent decline. This comes on the heels of a 2.5 percent increase the week before.
US palladium bar saw a 2.3 percent decline over the past week. After a 2.2 percent decline, Chinese palladium bar closed out the week down.
The price of Japanese platinum bar dropped 3.1 percent this week, closing out the third consecutive week of falling prices. Closing out the third week of declining prices, the price of US platinum bar dropped by 2.2 percent. Chinese platinum bar fell 0.9 percent over the past week.
The price of Japanese gold bullion finished the week down 1.4 percent. Chinese gold bullion saw a 0.6 percent decline over the past week. The price of Indian gold bullion rose 0.4 percent after falling 1.6 percent during the previous week. The price of US gold bullion dropped 0.3 percent this week, closing out the third consecutive week of falling prices.
Following a 2 percent increase in the week prior, the price of Japanese silver fell 2.4 percent last week. The price of US silver fell 0.6 percent over the past week. This was the fourth week in a row of declining prices.
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.