Japanese palladium bar saw the largest upwards shift on the weekly Global Precious Metals MMI®, rising 6.4 percent. The price of US palladium bar rose 3.5 percent this week. The price of Chinese palladium bar rose 2.6 percent after falling 1.9 percent during the previous week.
The price of Japanese platinum bar rose 6.0 percent after falling 1.2 percent during the previous week. The price of US platinum bar fell 1.4 percent after rising 1.5 percent the week before. Following a 1.0 percent increase in the week prior, the price of Chinese platinum bar fell 0.6 percent.
The price of Japanese gold bullion rose 3.5 percent after falling 2.9 percent during the previous week. The price of US gold bullion fell 2.7 percent after rising 0.5 percent the week before. Chinese gold bullion saw a 1.6 percent decline over the past week. After a 1.0 percent decline, Indian gold bullion closed out the week down.
The price of Japanese silver rose 4.1 percent after falling 2.4 percent during the previous week. Closing out the third week of declining prices, the price of Indian silver dropped by 2.0 percent. Following a 0.4 percent increase in the week prior, the price of US silver fell 2.0 percent last week. Chinese silver prices were off slightly, down barely $10 per kilogram from a week ago.
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.