The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese palladium bar, which saw a 4.9 percent decline. This week marked the third in a row of declining prices for the metal.
The price of Chinese palladium bar fell 3.7 percent over the past week. This was the third week in a row of declining prices. US palladium bar prices fell a bit more than $20 per ounce on the week.
Chinese platinum bar prices were off slightly. The price of US platinum bar declined 2.0 percent over the past week. Following a steady week, prices for Japanese platinum bar closed flat.
After a 0.6 percent decline, US gold bullion closed out the week lower. The price of Japanese gold bullion rose 0.2 percent over the past week. This was the fourth week in a row of increasing prices. The price of Chinese gold bullion declined 0.1 percent over the past week. Indian gold bullion remained essentially flat from the previous week.
The price of US silver rose 1.3 percent after falling 2.3 percent during the previous week. The price of Indian silver increased 0.8 percent this week, closing out the fourth consecutive week of rising prices. The price of Japanese silver fell 0.4 percent after rising 3.0 percent the week before. Chinese silver saw a 0.1 percent decline over the past 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.