Mixed Precious Metals Prices: US Gold Bullion Falls 4.1% for the Week

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The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of US gold bullion, which saw a 4.1 percent decline. This comes on the heels of a 0.7 percent increase the week before. Following a 1.3 percent increase in the week prior, the price of Indian gold bullion fell 4.0 percent last week. Chinese gold bullion fell 2.1 percent over the past week. The price of Japanese gold bullion fell 2.0 percent after rising 1.5 percent the week before.

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The price of Japanese silver increased by a slight 2.4 percent over the past week. Following a 0.7 percent increase in the week prior, the price of US silver fell 2.2 percent last week. The price of Indian silver fell 1.4 percent after rising 1.5 percent the week before. The price of Chinese silver fell 1.0 percent over the past week. This was the third week in a row of declining prices.

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Following a 0.4 percent increase in the week prior, the price of US platinum bar fell 3.4 percent last week. The price of Chinese platinum bar fell 2.1 percent after rising 0.4 percent the week before. Following a 1.4 percent increase in the week prior, the price of Japanese platinum bar fell 2.1 percent last week.

US palladium bar prices were off slightly, down from a week ago. Chinese palladium bar saw a 2.5 percent decline over the past week. The price of Japanese palladium bar declined 2.5 percent 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.