The Global Precious Metals MMI (Monthly Metals Index) ended 2023 by breaking out of its sideways trend and rising 3.64%. However, most precious metals still lack strong bullish action. All precious metals retracted in January after experiencing rallies throughout December. Currently, precious metals prices, for the most part, lack the strength needed to break out […]
Tag: platinum
Global Precious Metals MMI: Precious Metal Prices Rise Amid Hamas/Israel War
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 […]
Platinum’s Dramatic Reversal: Are Precious Metals Prices Poised for a Resurgence?
Since late spring, platinum prices have seen significant downward movements. Crushed by bearish price action, prices have since declined by as much as 14%. At $950 / oz, platinum breached prior lows that had previously acted as support zones. However, precious metals prices for platinum recently bounced by 10% from the most recent low, shooting […]
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 […]
Automotive MMI: Palladium prices, nickel prices surge as sanctions hit Russia
The Automotive Monthly Metals Index (MMI) fell by 0.7% for this month’s value, as palladium prices have surged while steel prices have retreated. Last year, MetalMiner added a suite of precious metals prices to the MetalMiner Insights platform. Russia-Ukraine war, the auto sector and palladium prices The Russian invasion of Ukraine has yielded commodity price volatility […]
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 […]
World Platinum Investment Council releases bullish 2021 platinum report
The World Platinum Investment Council (WPIC) released a report this month with a bullish view of the platinum market in 2021. The WPIC is bullish on the basis of stronger investment demand and restricted production in South Africa. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Platinum in deficit […]
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 […]
