Japan Palladium Falls Again on Week's Precious Metals Price Index

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The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese palladium bar, which saw a 6.0 percent decline. This week marked the third in a row of declining prices for the metal.

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For the third week in a row, the price of US palladium bar dropped, falling 2.2 percent. Chinese palladium bar fell 2.0 percent over the past week.

The price of Japanese platinum bar finished the week down 3.4 percent. Closing out the third week of declining prices, the price of Chinese platinum bar dropped by 2.8 percent. The price of US platinum bar dropped 2.7 percent this week, closing out the third consecutive week of falling prices.

The price of Japanese gold bullion fell 5.8 percent over the past week. This was the third week in a row of declining prices. Closing out the third week of declining prices also, the price of US gold bullion dropped by 4.9 percent. Chinese gold bullion weakened by 4.7 percent. Indian gold bullion saw a 3.2 percent drop-off this week to end lower.

The price of Japanese silver fell 3.8 percent over the past week. This was the third week in a row of declining prices. For the third week in a row, the price of US silver dropped, falling 2.3 percent. The price of Chinese silver finished the week down 1.0 percent. The price of Indian silver dropped 0.7 percent this week, closing out the third consecutive week of falling 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.