Global Precious Metals MMI®: China Palladium Price Falls Third Straight Week

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The biggest mover on the weekly Global Precious Metals MMI® was the price of Chinese palladium bar, which saw a 3.9 percent decline.

This week marked the third in a row of declining prices for the metal.

today's metal prices - MetalMiner IndXUS palladium bar saw a 1.8 percent decline over the past week. The price of Japanese palladium bar finished the week down 1.7 percent.

The price of Chinese platinum bar fell 1.2 percent over the past week. This was the fourth week in a row of declining prices. The price of Japanese platinum bar rose 1.1 percent after falling 3.3 percent during the previous week. The price of US platinum bar fell 0.5 percent over the past week. This was the fourth week in a row of declining prices.

The price of Japanese gold bullion rose 1.3 percent after falling 0.8 percent during the previous week. Following a 1.0 percent increase, US gold bullion finished the week up. Chinese gold bullion gained a slight 0.6 percent this past week. Following a steady week, prices for Indian gold bullion closed flat.

The price of Indian silver rose 1.3 percent after falling 2.5 percent during the previous week. The price of Japanese silver declined 0.2 percent. The price of Chinese silver rose 0.2 percent after falling 1.0 percent during the previous week. US 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.