The Global Precious Metals MMI (Monthly Metals Index) showed some bullish momentum month-over-month, rising by 3.74%. Except for platinum, all precious metals prices saw increases. This uptick in movement was mainly thanks to the anticipation of interest rate cuts. The USDX (U.S. Dollar Index) also weakened slightly month-over-month, which offered prices more bullish pressure. With […]
Category: Precious Metals
Global Precious Metals MMI: Gold Prices Continue to Fly High, but for How Long?
The Global Precious Metals MMI (Monthly Metals Index) narrowly missed trading flat, only budging down a mere 0.01%. Precious metals prices experienced an array of volatility in both directions, which held the overall index firmly in a sideways trend. Gold prices continue to rise while other precious metals like palladium and silver dropped (price trends […]
Global Precious Metals MMI: Precious Metals Prices to Experience More Volatility
The Global Precious Metals MMI (Monthly Metals Index) held its four-month long sideways trend month-over-month. All in all, the index narrowly missed trading flat, only budging down 0.18%. However, numerous factors continue to pull at precious metals prices in general. Gold, for one, appeared to finally be settling down after reaching record highs earlier in […]
Global Precious Metals MMI: Long-Term Precious Metal Price Direction Remains Uncertain
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
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
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?
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
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
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
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 […]