Precious Metals Markets Slide Sideways

Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) slowed its upward price action and moved sideways from April to May. All in all, the index only rose by 2.38%. Among precious metal prices, gold remains at historically high levels, while silver and palladium prices trended more sideways month-over-month. Precious Metal Prices: Gold Gold prices rallied to new highs in Q1 2024. However, more recent price action drove gold prices into a sideways range after a swing low formed near $2277/oz. Gold prices need to break above their…