The biggest mover this week was Japanese platinum bar with a 4.3 percent fall on the weekly Global Precious Metals MMI® to close the week. Chinese platinum bar saw a 3.0 percent decline over the past week. US platinum bar prices were off slightly, down from a week ago.
The price of Japanese palladium bar dropped 4.3 percent this week, closing out the third consecutive week of falling prices. US palladium bar dropped 3.0 percent over the past week. The price of Chinese palladium bar fell 2.4 percent after rising 1.2 percent the week before.
Following a 0.2 percent increase in the week prior, the price of Japanese gold bullion fell 2.2 percent last week. The price of Chinese gold bullion rose 1.0 percent after falling 1.6 percent during the previous week. After a 0.7 percent decline, Indian gold bullion closed out the week. The price of US gold bullion fell 0.4 percent after rising 0.8 percent the week before.
Japanese silver weakened by 3.9 percent to land. US silver fell 2.2 percent over the past week. The price of Indian silver fell 1.7 percent over the past week. This was the third week in a row of declining prices. The price of Chinese silver rose 0.1 percent after falling 2.3 percent during the previous 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.