27 June 2024
The Global Precious Metals MMI (Monthly Metals Index) rose by 2.57% month-over-month but remained largely sideways overall. Platinum and silver saw price increases in May before retreating in early June, which pulled the index down. Gold and palladium prices stayed flat. Palladium has been trading sideways since Q2, failing to surpass its March 2024 high. Platinum also declined back to its spring levels after a brief rise in late May, though recent trends suggest a potential short-term uptrend. Overall, uncertainty persists in the precious metals markets regarding long-term trends.