Last month, the Global Precious Metals MMI (Monthly MetalMiner Index) finally broke its sideways trend, dropping 3.15%. However, after the Hamas attack on Israel, both gold and silver prices reacted strongly with dramatic increases. Furthermore, surge affected both spot precious metal prices and 3-month futures. This proved a result of investors running to these two […]
Tag: palladium
Automotive MMI: Lower Metals Prices and Slumping Supply Dominate the May Market
The Automotive MMI (Monthly Metals Index) experienced a slight decline from May into June. The 30-day price change was roughly -9.55, a -6.52% drop. As with last month, multiple crises impacted the marketplace’s overall health. Among them are an ongoing microchip shortage and COVID-19 lockdowns. Below, we’ll discuss if and when we can expect normalization. […]
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 […]
Surging battery metals demand squeezes supply, Sibanye-Stillwater says
While much of the world still depends on fossil fuels, demand for battery metals is surging. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Battery metal demand on the rise South African platinum and palladium producer Sibanye-Stillwater said increasing […]
Global Precious MMI: Gold prices remain above $1,700/oz as U.S. states roll back COVID-19 restrictions
The Global Precious Monthly Metals Index (MMI) gained 1.7% this month.
Global Precious MMI: Gold prices hold steady after grim April jobs report
The Global Precious Monthly Metals Index (MMI) dropped 1.7% this month. Gold prices steady around $1,700/ounce With some states beginning to reopen and ease restrictions put in place to curb the spread of COVID-19, interest in gold as a safe-haven asset has picked up. After falling below $1,500 per ounce in March, the gold price […]
Global Precious MMI: Topsy-turvy month for precious metals amid coronavirus, South Africa lockdown
The Global Precious Monthly Metals Index (MMI) fell 7.0% this month. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Precious metal prices, including gold, in free fall
The price of all precious metals plummeted on Friday and again on Monday as investors sort to liquidate profitable positions to raise cash. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Gold, in particular, has been the victim of its own success, rising strongly this quarter […]
Global Precious MMI: Gold price briefly surges above $1,700/oz amid coronavirus fears
The Global Precious Monthly Metals Index (MMI), which tracks a basket of precious metals, rose four points this month for an MMI reading of 129. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!