The biggest mover on the weekly Global Precious Metals MMI® was the price of US palladium bar, which saw a 5.7 percent decline. This comes on the heels of a 1.6 percent increase the week before.
Following a 0.6 percent increase in the week prior, the price of Chinese palladium bar fell 4.6 percent last week. The price of Japanese palladium bar rose 0.7 percent after falling 1.1 percent during the previous week.
Chinese platinum bar saw a 2.4 percent decline over the past week. The price of Japanese platinum bar rose 2.3 percent after falling 1.3 percent during the previous week. The price of US platinum bar dropped 1.9 percent this week, closing out the third consecutive week of falling prices.
The price of Japanese gold bullion rose 3.6 percent after falling 1.7 percent during the previous week. After a 1.3 percent decline, Chinese gold bullion closed out the week down. The price of US gold bullion declined 1.0 percent over the past week. Indian gold bullion fell 0.7 percent over the past week.
Chinese silver finished the week after falling 3.7 percent. For the third week in a row, the price of US silver dropped, falling 3.4 percent. Closing out the third week of declining prices, the price of Indian silver dropped by 2.6 percent. The price of Japanese silver rose 1.6 percent after falling 3.0 percent during 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.