16:28 - 8.01.2026

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January 8, Fineko/abc.az. Today, prices for precious metals are noticeably declining in anticipation of rebalancing of commodity indices, according to trading data.

ABC.AZ reports with reference to Bloomberg that the annual rebalancing of the indices starts on January 8 and will last for five working days. Due to the new target weights for 2026, this will lead to large-scale transactions. According to the newspaper, billions of dollars worth of futures contracts may be sold in the next few days.

Investment funds are already selling precious metal futures to meet the new weightings required by the indexes.

Thus, silver is down 2.37% to $75.75 per ounce, gold is losing 0.57% to $4,436.4 per ounce, platinum is getting cheaper by 2.87% to $2211.7 per ounce, and palladium is down 1.6% to $1768 per ounce.

Meanwhile, nickel futures are losing almost 3% after Indonesia did not provide detailed information on production cuts, which had previously led to a sharp rise in prices for the metal.