Category: Precious Metals

Global Precious Metals MMI: Long-Term Precious Metal Price Direction Remains Uncertain

Global Precious Metals MMI: Long-Term Precious Metal Price Direction Remains Uncertain precious metal prices

The Global Precious Metals MMI (Monthly Metals Index) showed slight upward price action month-over-month, rising by 2.57%. Despite this, the overall trend of the index held sideways. In terms of specific precious metal prices, platinum and silver experienced upward price action through May before retreating back into range at the beginning of June. This served […]

Stock Market Soars as S&P 500 and NASDAQ Hit Record Highs

Stock Market Soars as S&P 500 and NASDAQ Hit Record Highs Stock Market

With the most recent economic data coming in hot for this month, overall financial markets presented optimistic signals. Amid futures tied to major stock indexes rallying to new highs, markets could see a significant impact on metal prices, including gold and copper prices. The S&P500 closed just over $528, and the NASDAQ composite index closed […]

Global Precious Metals MMI: Upward Price Action for Gold Finally Loses Steam

Global Precious Metals MMI: Upward Price Action for Gold Finally Loses Steam Gold

The Global Precious Metals MMI (Monthly Metals Index) slowed its upward price action and moved sideways from April to May. All in all, the index only rose by 2.38%. Among precious metal prices, gold remains at historically high levels, while silver and palladium prices trended more sideways month-over-month. Precious Metal Prices: Gold Gold prices rallied […]

Global Precious Metals MMI: Gold Prices Surge, But is It a Gold Rush, or Gold Bust?

Global Precious Metals MMI: Gold Prices Surge, But is It a Gold Rush, or Gold Bust? Gold

Month-on-month, the Global Precious Metals MMI (Monthly Metals Index) rose by 8.25%. However, shortly after April 1, precious metal prices, particularly gold and silver, began surging as investors flocked to purchase as many gold bullions as possible. The reasons for this newfound “gold rush” include inflation hedging, anticipation of interest rate cuts, and geopolitical uncertainty. […]

Global Precious Metals MMI: Gold Sees a Strong Rally

Global Precious Metals MMI: Gold Sees a Strong Rally Platinum bars or ingots background. Precious metals.

Once again, the Global Precious Metals MMI (Monthly Metals Index) failed to exhibit strong bearish or bullish pressure. The index remained sideways throughout February, budging down a mere 0.65%. Despite this, some bullish pressure did seep into precious metal prices at the beginning of March, when numerous precious metals began to rally. Gold prices, in […]

Global Precious Metals MMI: Precious Metal Prices Edge Further Down Month-on-Month

Global Precious Metals MMI: Precious Metal Prices Edge Further Down Month-on-Month Precious metals market.

After almost a year of sideways movement, the Global Precious Metals MMI (Monthly Metals Index) broke its trend, declining by 4.71%. Despite the break in sideways movement for precious metal prices as a whole, most individual commodities still lack strong bullish or bearish movement as they move through Q1. Most gold and other precious metals […]

Global Precious Metals MMI: Index Rises, But Long-Term Forecasts Remain Bearish

Global Precious Metals MMI: Index Rises, But Long-Term Forecasts Remain Bearish PreciousMetalsBearish

The Global Precious Metals MMI (Monthly Metals Index) ended 2023 by breaking out of its sideways trend and rising 3.64%. However, most precious metals still lack strong bullish action. All precious metals retracted in January after experiencing rallies throughout December. Currently, precious metals prices, for the most part, lack the strength needed to break out […]

November Rally: Multiple Precious Metal Prices Soared, But Silver Stole the Show

November Rally: Multiple Precious Metal Prices Soared, But Silver Stole the Show Silver Ingots

This month, both stock indices and precious metal prices saw consistent gains week over week as conflict continues to unfold in the Middle East and Europe. With prices for Yields falling a little over 3%, reaching their lowest levels in two months, price action for stock indices recently drove markets above 7% in response to […]

Global Precious Metals MMI: Precious Metals Prices Remain Mostly Sideways Amid Conflicting Factors

Global Precious Metals MMI: Precious Metals Prices Remain Mostly Sideways Amid Conflicting Factors gold bullions, silver coins and bills

The Global Precious Metals MMI (Monthly Metals Index) maintained a sideways trend once again, this time moving up only 2.07%. That said, the overall future for precious metals prices brightened recently. For example, through October, gold increased around $150 per ounce. However, there were several variations in the prices of precious metals between October 1 […]

Gold Prices Hover Near Psychological Range of U.S. $2,000

Gold Prices Hover Near Psychological Range of U.S. $2,000 Gold 1

For decades, gold has remained the best-performing asset class, providing double-digit returns for investors. True to form, gold demand this quarter remains above the long-term average as precious metal prices continue to move in response to global events. According to the World Gold Council (WGC), gold buying by central banks also continues at a scorching […]

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