The biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese gold bullion, which saw a 2.9 percent decline. This comes on the heels of a 2.8 percent increase the week before.
The price of Chinese gold bullion fell 0.7 percent after rising 3.8 percent the week before. In the past week, US gold bullion saw its price shift up 0.5 percent. Following a 3.2 percent increase in the week prior, the price of Indian gold bullion fell 0.4 percent last week.
The price of Japanese silver fell 2.4 percent after rising 0.8 percent the week before. Following a 4.0 percent increase in the week prior, the price of Chinese silver fell 2.3 percent last week. The price of Indian silver fell 0.5 percent after rising 2.7 percent the week before. US silver rose 0.4 percent over the past week.
The price of US platinum bar increased by a slight 1.5 percent over the past week. Following a 2.0 percent increase in the week prior, the price of Japanese platinum bar fell 1.2 percent last week. Chinese platinum bar saw its price rise 1.0 percent over the past week.
Following a 2.1 percent increase, US palladium bar finished the week. The price of Chinese palladium bar fell 1.9 percent after rising 0.6 percent the week before. Japanese palladium bar remained unchanged for the 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.