Gold, Silver, Platinum Down as Russia-Ukraine Tensions Expected to Ease

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Prices of most precious metals slid on Tuesday as tensions between Russia and the West over Ukraine momentarily eased. Sanctions announced by the US and the European Union were focused on individuals and not Russia as a nation which seemed to ease the concerns of investors in Russian currency.

On Wednesday, US silver fell by 1.8 percent, making it the day’s biggest mover. The price of Japanese silver declined 0.9 percent. Indian silver prices rose 0.6 percent. Chinese silver fell 0.5 percent on Wednesday.

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The price of Japanese gold bullion fell 1.5 percent. US gold bullion ended the day down 0.9 percent yesterday. The price of Indian gold bullion was essentially unchanged. Chinese gold bullion saw little change in its price.

The price of Japanese platinum bar fell 1.5 percent yesterday. The price of Chinese platinum bar finished the market day up 0.3 percent per gram. After dropping for two days, the price of US platinum bar actually flattened.

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US palladium bar prices saw a 0.6 percent decline. Chinese palladium bar finished the day down 0.6 percent. The price of Japanese palladium bar held steady.