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 […]
Category: Precious Metals
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 […]
Global Precious MMI: Gold prices rise; COMEX suspends Russian gold, silver producers
The Global Precious Monthly Metals Index (MMI) rose by 2.9% for this month’s value, as gold prices picked up amid the ongoing Russia-Ukraine war. The March 2022 MMI report, featuring all 10 MMI indexes, will be available for download later today. Gold prices rise February proved a difficult month for stocks, as the S&P 500 fell […]
Russia sends in the troops, impacting metals markets
So, after weeks of will he, won’t he, Russian President Vladimir Putin finally ordered troops into two regions of eastern Ukraine. After recognizing Luhansk and Donetsk as independent states earlier this week, Putin made an emotional and rambling televised address to the Russian people. Where this will lead no one knows. But it seems unlikely […]
Global Precious Metals MMI: monthly index rises on strong palladium prices
The Global Precious Monthly Metals Index (MMI) rose by 6.8% for this month’s reading. This represents the second month in a row of precious metals inswz increases. Last month the index increased by 4.1%. Palladium, and to a lesser extent, platinum drove the index higher. Most of the other precious metals held flat or fell. The […]
Mining follows the trend to re-shore to the USA
We have heard a lot in recent years about re-shoring. Simply, the return of manufacturing capacity wilfully relinquished to China over the last 20 years, back to the USA. Or at least we have heard about near-shoring to lower labor cost partners like Mexico. Few would argue it would be good for the US economy, […]
