This month, prices for stock indices have continued to see gains week over week as we roll into the new year. Last week’s dovish tone from the Fed fueled bets from investors on deeper and faster interest rate cuts going into 2024, which could continue to drive indices up. How will this impact the US […]
Tag: global precious metals
Global Precious Metals MMI: Some Precious Metals Prices Up, Index Stays Flat
The Global Precious Metals MMI (Monthly Metals Index) narrowly missed trading flat, only inching up a slight 0.17%. During the period from November 1 to December 1, precious metals prices, specifically gold and silver, surged significantly. For instance, the price of gold increased from $1,839.01 per troy ounce to $2,037.74, marking a substantial 10.81% uptick. […]
Global Precious Metals MMI: Precious Metals Prices Remain Mostly Sideways Amid Conflicting Factors
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 […]
Global Precious Metal MMI: Precious Metal Prices Losing Momentum
The Global Precious Metals MMI (Monthly Metals Index) traded sideways month-on-month. Overall, the index fell 2.75% as numerous components lost upward price momentum. All parts of the index moved sideways or fell slightly, except for Indian silver ingots and U.S. gold bullions. Though Fed’s hawkishness has managed to impact precious metal prices in the U.S, […]
Precious Metals MMI: Precious Metal Prices Continue to Move Up
The Global Precious Metals MMI (Monthly Metals Index) moved up again month-over-month after a bounce between March and April. The index moved up a modest 3.63%. Every part of the index either trended upward or moved sideways with a slight upward slant. Meanwhile, there are still many factors affecting precious metal prices. Many investors see […]
Global Precious Metals MMI: Prices Rally, Downturn Likely
The Global Precious Metals MMI (Monthly MetalMiner Index) traded upwards by 3% as precious metal prices advanced. Gold, silver, and palladium all began a rally coming into 2023. However, that rally has solid potential for both a short and long-term downturn. The surge in the index price was mainly due to silver and gold bullions […]
Global Precious Metals MMI – Precious Metal Prices Break Through Short-Term Resistance
The November Global Precious Metals MMI (Monthly MetalMiner Index) dropped by 4.06% (between October 1 and November 1). However, between November 4 and November 10, silver, platinum, and gold prices shot up. Palladium prices also began rising during this period, but not quite to the extent of its three counterparts. Many believe the price surge […]
