Metal recycling and recovery

Phone: +370 37 408013

info@novitera.lt

Liepos 13, 2022

Precious metal prices continue to fall, only palladium is recovering. The biggest influence on the price change is the fear of recession (source: Ig.com). Currently, the value of the US dollar is further strengthening its position, while the euro has levelled with it (source: Asiatimes.com). It would not be surprising to see metals’ prices continue to fall during this period (source: Nasdaq.com). It looks like an economic crisis is coming.
The price of gold fell to $1,734.01 an ounce. Sprott.com says that the value of the yellow metal hasn't looked this bad in a long time, with its price falling every week. Traditionally, gold has always been considered a safe investment, no matter what adversity it may face. However, with inflation and a looming global economic crisis, observers are not sure that gold will be a truly safe investment during this period (source: Bunker-group.com). Business-standard.com says that investing in gold is only worthwhile if you expect long-term returns.
 
The price of silver continues to fall, with the metal currently trading at $19.13 an ounce. The metal continues to break records, marking its lowest price in several years (source: Fxstreet.com). And it looks like the metal may continue to fall - as long as the US dollar strengthens and fears of recession increase, there will be no change for the better (source: Fxempire.com).
 
The price of palladium is recovering, with the metal currently trading at $2,157 an ounce. And the price of platinum continues to fall, currently trading at $876 an ounce. Russia's palladium business with China and India is gaining momentum; to minimize Russia's losses due to sanctions (source: Africa.businessinsider.com). However, the price of palladium is not yet established. It, like the price of platinum, will be affected by the effects of the economic crisis. Experts say the current metals’ price drop is reminiscent of the 2008 scenario (source: Kitco.com).
Arabnews.com says that the Chinese auto market predicts that car sales may fall this year.
 


 
The price of copper is constantly falling. It is currently priced at $7,380.64 a tonne. The price of copper, like other metals, is affected by fears of recession, so it seems that the metal's value may not increase for a while (source: Mining.com).