October’s Global Precious Metals MMI (Monthly MetalMiner Index) traded sideways, falling slightly by 0.98%. The index held higher than other October MMI’s (a majority of which fell in price) due to high interest rates, recession fears, and slowing economic activity. Due to these the current economic climate, investors sought out precious metals for investment reasons […]
Category: Precious Metals
Global Precious Metals MMI: Gold Hits Yearly Low
The September Global Precious Metals MMI (Monthly Metals Index) moved sideways, dropping by just 1.8%. Despite the slight loss, month-over-month, gold prices hit lows not seen in around two years. MetalMiner’s FREE September webinar is tomorrow! Learn how to gauge metal prices and explore battery metal pricing. Sign up here! Gold Hits Yearly Low Amid […]
Global Precious Metals MMI: Precious Metals Go Sideways, But For How Long?
The Global Precious Metals MMI (Monthly MetalMiner Index) fell a modest 0.10% this past month. As a whole, global precious metal prices continue to trade sideways. That said, there are still plenty of investors looking to turn paper currency into precious metals over fears of a recession. Indeed, this could prove to be the very […]
Precious Metals Fight Hard Against Inflation
Precious metals like gold, silver, and palladium are fighting back hard against the global trend of dropping metal prices. Last month, MetalMiner reported that the global precious metals index fell 3.77% between June and July. On July 20th, however, gold bullion prices began to rise steadily. Shortly after that, silver bullion prices also started an […]
Global Precious Metals MMI: Palladium Leads the Precious Metals Bears
The Global Precious Metals MMI dropped by nearly 3% this month. Palladium dropped the most, though silver also looked comparatively weak. Gold Prices Trends: Bullish or Bearish? Gold has started to trade within a range formed by swing lows and highs. A break above either range will clear up the overall direction. Without a “big […]
UK Duties Applied to Russian Platinum and Palladium
The United Kingdom recently imposed a 35% duty on all platinum and palladium imports from Russia and Belarus. This move is part of a new package of sanctions on the two countries totaling £1.7 billion ($1.7 billion). The Department for International Trade (DIT) and HM Treasury made the announcement on May 9. Since Russia’s late […]
Automotive MMI: Auto Sector Remains Constrained
The Automotive MMI (Monthly Metals Index) held flat from April to May. This was largely the result of a number of factors working in concert. Below, we’ll dig deeper into the automotive marketplace to see if we can determine what to expect for the rest of 2022. Automotive MMI: China Auto Sales, Production Plunge In […]
Global Precious Metals MMI: Silver Prices Lead Index Lower
The Global Precious Monthly Metals Index (MMI) fell by 0.9% for this month’s index reading, largely due to falling silver prices. Did you know that MetalMiner forecasts for several precious metals in the MetalMiner Insights platform? Rising interest rates tend to dampen investor sentiment toward precious metals. Gold and silver typically act as a store of value, […]
Global Precious MMI: Gold prices retrace after early-March surge
The Global Precious Monthly Metals Index (MMI) fell by 1.4% for this month’s index reading, as gold prices retraced after peaking in early March. The MetalMiner Insights platform features a full suite of precious metals prices. Gold, silver prices retrace After peaking in early March, gold prices have retraced. The U.S. gold bullion price jumped to […]
Palladium prices finally come down after rallying on supply fears
After registering a record high earlier this month, palladium prices dropped about 17% early last week. Palladium prices had a sharp correction, as worries over shortage in its supply from major producer Russia came down several notches. Russia accounts for 40% of global palladium mine production. Palladium is a crucial component in automobile catalysts. Russia […]