platinum price

Platinum closed the year largely flat, keeping costs generally low for automotive purchasers or platinum and palladium.

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While a strong US dollar still is hindering gold and silver prices, the outlook is actually better for industrial users of the platinum and palladium.

The week’s biggest mover on the weekly Automotive MMI® was the price of US platinum bar, which saw a 1.9% increase to $1,210 per ounce. This comes on the heels of a 0.4% decline the week prior. The price of US palladium bar fell 0.4% to $808.00 per ounce after rising 4.0% the week before.

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US HDG prices were off slightly at $763.00 per short ton, down from $764.00 a week ago.

Following a 0.8% increase in the week prior, the copper 3-month price fell 0.8% on the LME last week to $6,271 per metric ton. The cash price of primary copper fell 0.6% on the LME to $6,325 per metric ton after rising 0.9% the week before. Korean 5052 coil premium over 1050 sheet prices held steady from the previous week at KRW 3,890 ($3.56) per kilogram. The Chinese lead price stayed essentially flat at CNY 12,650 ($2,039) per metric ton.

The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

Gold and silver gained as the year ended although both metals face an uncertain new year as the US dollar continues to strengthen weakening their appeal as investments.

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Platinum and palladium also saw gains nearly across the board to close out the year.

Following a two-day decline, the price of US silver climbed up 2.9% to end at $16.27 per ounce on Wednesday, December 31. After a 1.5% increase, Indian silver finished the day at INR 37,880 ($597.95) per kilogram. The price of Chinese silver increased 1.5% to CNY 3,450 ($556.25) per kilogram. Following a two-day rise, the price of Japanese silver flattened at JPY 620.00 ($5.19).

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After falling for two days, the price of US gold bullion rose 1.5% to $1,200 per ounce. Chinese gold bullion gained 0.8% to finish at CNY 240.50 ($38.78) per gram. Indian gold bullion prices inched up 0.5% to INR 27,260 ($430.31) per 10 grams. The price of Japanese gold bullion flattened at JPY 4,619 ($38.66) after two days of improvement.

The price of US platinum bar rose 1.5% to $1,210 per ounce after a two-day drop. Chinese platinum bar finished the day up 0.4% to CNY 259.00 ($41.76) per gram. After a couple of days of improving prices, the price of Japanese platinum bar held steady at JPY 4,692 ($39.27).

At CNY 179.00 ($28.86) per gram, Chinese palladium bar fell 0.6% on Wednesday. The price of Japanese palladium bar ended a two-day climb, settling at JPY 3,203 ($26.81) per gram. After dropping for two days, the price of US palladium bar flattened at $808.00.

Gold futures jumped almost 2% on the Comex division of the New York Mercantile Exchange yesterday, breaking above the key $1,200-per-ounce level, as traders used a weaker dollar Tuesday as an excuse to buy. Worries about Greece’s election outcome and tensions between Russia and the West also sent buyers into the metal. The dollar index was down 0.2% to 90.26.

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Markets monitored developments in Moscow, where there were arrests following a rally by several thousand people protesting the conviction of Kremlin critic Alexiei Navalny and his brother.

Ari Wald, technical analyst at Oppenheimer Asset Management, told CNBC gold’s move higher is temporary, and he sees it soon heading lower, with new lows likely in 2015.

Following two days of increases, the price of Indian silver dropped by 1.7% to end at INR 37,320 ($585.94) per kilogram on Tuesday, December 30. Following two days of rising prices, the price of Chinese silver dropped 0.7% to CNY 3,400 ($546.22) per kilogram. US silver prices saw a 0.7% decline to $15.80 per ounce. Japanese silver finished the day up 0.5% to JPY 620.00 ($5.14) per 10 grams.

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After a 0.8% increase, Japanese gold bullion finished the day at JPY 4,619 ($38.29) per gram. The price of Chinese gold bullion closed at CNY 238.65 ($38.34) per gram. Following a couple days of improvement, prices fell by 0.6%. The price of Indian gold bullion fell 0.5% to INR 27,120 ($425.80) per 10 grams. The price of US gold bullion declined 0.2% to $1,183 per ounce.

At $1,192 per ounce, US platinum bar fell 1.0% on Tuesday. Japanese platinum bar saw its price rise 0.8% to JPY 4,692 ($38.89) per gram. The price of Chinese platinum bar declined 0.4% to CNY 258.00 ($41.45) per gram, after two days of improvement.

Chinese palladium bar closed 1.1% lower at CNY 180.00 ($28.92) per gram. Japanese palladium bar prices rose 0.9% to JPY 3,203 ($26.55) per gram. US palladium bar ended the day at $808.00 per ounce, after the 0.5% drop yesterday.

The price of gold is now up about $25 an ounce on the Comex Division of the New York Mercantile Exchange.

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In morning trading on Tuesday, gold futures spiked from about $1,185 an ounce to north of $1,200 in a few minutes, a gain of more than 1.5%.

Around 10 AM eastern, gold took another jump, climbing to nearly $1,210 an ounce, bringing its gain in just a few hours on Tuesday morning to about $25 an ounce.

The price of Japanese silver closed as the biggest mover for Monday, December 29. Switching from a downward trend, the metal closed at JPY 617.00 ($5.12) per 10 grams following a 1.8% increase. US silver closed 1.5% lower at $15.91 per ounce. Indian silver prices inched up 1.1% to INR 37,948 ($596.44) per kilogram. Chinese silver rose 1.0% to CNY 3,425 ($549.76) per kilogram. This marked the fifth day in a row of increasing prices and the improvement has accelerated since Tuesday, December 23.

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After a 1.1% increase, Chinese gold bullion finished the day at CNY 240.00 ($38.52) per gram. The price of US gold bullion declined 0.9% to $1,184 per ounce. After falling for two days, the price of Japanese gold bullion rose 0.7% to JPY 4,581 ($38.04) per gram. Indian gold bullion finished the day up 0.7% to INR 27,248 ($428.27) per 10 grams.

Japanese platinum bar prices rose 1.3% to JPY 4,655 ($38.65) per gram. Chinese platinum bar saw its price rise 0.8% to CNY 259.00 ($41.57) per gram. At $1,204 per ounce, US platinum bar fell 0.7% yesterday.

At JPY 3,174 ($26.35), the price of Japanese palladium bar finished the market day up 0.8% per gram. US palladium bar finished the day down 0.5% to $812.00 per ounce. The price of Chinese palladium bar remained essentially flat at CNY 182.00 ($29.21) per gram.

Gold and silver saw modest increases this week as crude oil hovered near a 5-year low today, increasing their relative values as hedges against hard currency.

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A weaker dollar and an oil supply glut from OPEC countries helped gold, silver and all of the precious metals regain some of their luster in this last week of the year.

The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of US silver, which saw a 2.2% increase to $15.91 per ounce. This comes on the heels of a 7.8% decline the week prior. The price of Japanese silver rose 1.8% to JPY 617.00 ($5.12) per 10 grams after falling 5.0% during the previous week. The price of Indian silver rose 0.9% to INR 37,948 ($596.44) per kilogram after falling 3.3% during the previous week. After a 0.9% decline, Chinese silver closed out the week at CNY 3,425 ($549.76) per kilogram.

* Get the complete prices every day on the MetalMiner IndX℠

Following a 1.9% increase in the week prior, the price of Indian gold bullion fell 1.8% last week to INR 27,248 ($428.27) per 10 grams. The price of US gold bullion rose 0.5% to $1,184 per ounce after falling 3.0% during the previous week. Japanese gold bullion prices were off slightly at JPY 4,581 ($38.04) per gram, down from JPY 4,596 ($38.45) a week ago. Chinese gold bullion saw a 0.1% decline over the past week to CNY 240.00 ($38.52) per gram.

The price of US platinum bar rose 2.1% to $1,204 per ounce after falling 3.1% during the previous week. The price of Japanese platinum bar rose 1.2% to JPY 4,655 ($38.65) per gram after falling 1.1% during the previous week. The price of Chinese platinum bar rose 0.8% to CNY 259.00 ($41.57) per gram after falling 1.2% during the previous week.

Closing at JPY 3,174 ($26.35) per gram for the week, Japanese palladium bar rose by a slight 1.9%. The price of Chinese palladium bar rose 1.7% to CNY 182.00 ($29.21) per gram after falling 0.6% during the previous week. The price of US palladium bar fell 0.1% to $812.00 per ounce after rising 0.9% the week before.

The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends. For more information on the Global Precious Metals MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

Shares of precious metals miner Coeur Mining fell 5.49% to $4.99 in morning trading Monday as gold and silver prices slumped.

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Gold futures were down 1.21% to $1,180.80 an ounce on the Comex, while silver was down 2.15% to $15.80 an ounce, according to CNBC. Coeur announced earlier this month that it would acquire Paramount Gold & Silver in an all-stock transaction valued at approximately $146 million.

Closing at $16.15 per ounce on the Friday, December 26, US silver rose 2.3% to finish as the day’s biggest mover. Indian silver gained 1.3% to finish at INR 37,518 ($590.69) per kilogram. Japanese silver finished the day down 0.7% to JPY 606.00 ($5.03) per 10 grams. The price of Chinese silver rose 0.6% to CNY 3,390 ($545.67) per kilogram after a two-day drop.

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After two flat days, the price of US gold bullion inched up 1.6% last Friday to $1,196. The price of Chinese gold bullion moved up 0.5%, landing at CNY 237.39 ($38.21) per gram. The price of Japanese gold bullion declined 0.2% to JPY 4,547 ($37.78) per gram. Indian gold bullion ended the day at INR 27,054 ($425.94) per 10 grams, after the 0.2% drop last Friday.

At $1,213, the price of US platinum bar finished the market day up 2.2% per ounce. Chinese platinum bar saw its price rise 0.8% to CNY 257.00 ($41.37) per gram. Japanese platinum bar saw little change in its price last Friday at JPY 4,596 ($38.18) per gram.

Chinese palladium bar finished the day up 1.1% to CNY 182.00 ($29.30) per gram. After a 0.6% increase, US palladium bar finished the day at $816.00 per ounce. Japanese palladium bar prices inched up 0.4% to JPY 3,149 ($26.16) per gram.

The Troubled Asset Relief Program was passed in 2008, in the wake of Lehman Brothers‘ bankruptcy, as the nation’s financial system was on the verge of collapse and economists feared another Great Depression. At the height of the bailout, Treasury owned a significant stake in all of the major US banks, such as Citigroup and Bank of America, two of the nation’s Big Three automakers — General Motors  and Chrysler Group – as well as one of its largest insurers, AIG.

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But with the sale of the Ally stock, Treasury now only holds stakes in 35 small community banks.

The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 4.0% increase to $811.00 per ounce. This comes on the heels of a 3.9% decline the week prior. For the third week in a row, the price of US platinum bar dropped, falling 0.4% to $1,187 per ounce.

* Get the complete prices every day on the MetalMiner IndX℠

Following a 3.6% increase in the week prior, the price of US HDG fell 1.5% last week to $764.00 per short ton.

The cash price of primary copper rose 0.9% on the LME to $6,360 per metric ton after falling 2.6% during the previous week. The 3-month price of copper rose 0.8% on the LME to $6,319 per metric ton after falling 2.4% during the previous week. The price of Chinese lead dropped 0.8% this week, closing out the third consecutive week of falling prices at CNY 12,650 ($2,034) per metric ton. At KRW 3,890 ($3.52) per kilogram, the week finished with no movement for Korean 5052 coil premium over 1050 sheet.

The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

Japanese annual core consumer inflation slowed for a 4th straight month in November due largely to sliding oil prices, highlighting the challenges the central bank faces in achieving its 2% inflation target.

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Factory output unexpectedly fell and real wages marked the steepest drop in five years, underscoring the fragility of the recovery and dealing a blow to premier Shinzo Abe’s stimulus policies aimed at pulling the economy out of stagnation.

On Thursday, December 25, the day’s biggest mover was the price of Japanese gold bullion, which saw a 0.9% decline to JPY 4,556 ($37.83) per gram. At CNY 236.30 ($37.99) per gram, the price of Chinese gold bullion was essentially unchanged. The price of US gold bullion remained essentially flat at $1,177 per ounce. The price of Indian gold bullion remained steady at INR 27,106 ($427.05) per 10 grams.

* Get the complete prices every day on the MetalMiner IndX℠

At JPY 610.00 ($5.07) per 10 grams, Japanese silver fell 0.7% yesterday. The price of Chinese silver fell 0.4% to CNY 3,370 ($541.84) per kilogram. Indian silver saw little change in its price yesterday at INR 37,026 ($583.34) per kilogram. Following a two-day rise, the price of US silver flattened at $15.79.

Chinese platinum bar prices rose 0.4% to CNY 255.00 ($41.00) per gram. Today marks the fifth day in a row of declining prices for Japanese platinum bar. After falling 0.2%, prices settled at JPY 4,597 ($38.18) per gram, driving an accelerated drop-off since Friday, December 19. US platinum bar stayed flat at around $1,187 per ounce.

Weakening prices followed two days of improvement as the price of Chinese palladium bar dropped 0.6% to CNY 180.00 ($28.94) per gram. Japanese palladium bar prices saw a 0.3% decline to JPY 3,135 ($26.03) per gram. The price of US palladium bar remained essentially flat at $811.00 per ounce.

A secret Santa left nearly 2 pounds of silver coins and bars in a Salvation Army Red Kettle in Redding, Calif., sometime Tuesday night.

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Salvation Army workers discovered the anonymous donation, roughly estimated at $488 worth of silver, late Tuesday night in one of the iconic red kettles, Lt. Dan Whipple said. There were 28 small bars and three coins for a total of 31 ounces of silver, he said.

Indian silver saw the biggest upwards shift for the day, rising 2.5% to close at INR 37,026 ($583.67) per kilogram on Wednesday, December 24. US silver finished the day up 0.7% to $15.79 per ounce. Chinese silver closed 0.6% lower at CNY 3,385 ($543.81) per kilogram. The price of Japanese silver held steady at JPY 614.00 ($5.09) per 10 grams.

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Indian gold bullion saw its price rise 0.1% to INR 27,106 ($427.30) per 10 grams. At CNY 236.50 ($37.99) per gram, the price of Chinese gold bullion was essentially unchanged. The price of US gold bullion flattened at $1,177 following two-days of declines. The price of Japanese gold bullion showed little movement on Wednesday at JPY 4,598 ($38.09) per gram.

Following a two-day drop, the price of US platinum bar increased by 1.0% to $1,187 per ounce. Chinese platinum bar prices rose 0.4% to CNY 254.00 ($40.81) per gram. The price of Japanese platinum bar held steady at JPY 4,604 ($38.14) per gram.

At CNY 181.00 ($29.08), the price of Chinese palladium bar finished the market day up 0.6% per gram. The price of US palladium bar increased 0.2% to $811.00 per ounce. Japanese palladium bar held its value yesterday at JPY 3,146 ($26.06) per gram.

Oil prices resumed their downward march, doubling back on the biggest 1-day gain in over 2 years after Saudi Arabia’s powerful oil minister said OPEC would not cut production at any price. The fall in oil was no help for silver and gold.

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US home resales tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery.

With a decline of 3.9% to INR 36,138 ($571.56) per kilogram on Tuesday, December 23, Indian silver recorded the biggest price drift of the day. Chinese silver ended the day at CNY 3,405 ($547.17) per kilogram, after the 1.4% drop yesterday. Following three days of little change, the price of Japanese silver rose by 1.3% to JPY 614.00 ($5.11) per 10 grams. US silver finished the day up 0.7% to $15.68 per ounce.

At INR 27,073 ($428.19) per 10 grams, Indian gold bullion fell 2.4% on Tuesday. The price of Chinese gold bullion closed Tuesday at CNY 236.60 ($38.02) per gram, halting its two-day flat run with a 1.5% decline. US gold bullion finished the day down 0.2% to $1,177 per ounce. Following a two-day rise, the price of Japanese gold bullion flattened at JPY 4,598 ($38.26).

* Get the complete prices every day on the MetalMiner IndX℠

Weakening prices followed two days of improvement as the price of Chinese platinum bar dropped 1.6% to CNY 253.00 ($40.66) per gram. The price of US platinum bar declined 0.3% to $1,175 per ounce. The price of Japanese platinum bar steadied at JPY 4,604 ($38.31) per gram following two-days of increases.

The price of Japanese palladium bar rose by 1.0% to JPY 3,146 ($26.18) per gram. Chinese palladium bar saw its price rise 0.6% to CNY 180.00 ($28.93) per gram. US palladium bar prices saw a 0.5% decline to $809.00 per ounce.

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