One trend can be observed in the precious metals market this week - the prices of all precious metals have risen. Metalsdaily.com says that the main reason for this is disruptions in the metals’ supply chain. Due to the Russian war in Ukraine, these disruptions will certainly be prolonged, so the value of metals may continue to increase in the coming weeks. However, during this volatile period, it is worth keeping a close eye on the changes - they can vary greatly from week to week and not all predictions can come true.
The price of gold rose to $1,772.48 an ounce. With the slowdown in the growth of the US dollar, the yellow metal "uses" this opportunity and increases its price (source: Forex.com). Gold jewellery prices rise as supply chain tightens (source: Asianews.network). It is predicted that the value of gold will increase in the near future and may reach $1,794 an ounce (source: Fxstreet.com).
 
The price of silver has risen strongly, with the metal currently costing $20.35 an ounce. According to Metalsdaily.com, this represents a price increase of almost 9% over the recent period. Fxstreet.com says that the value of the white metal is showing a strong position and should not fall below the $20.30 an ounce mark, with the price likely to rise. According to the experts at Oilprice.com, it is difficult to predict whether it is worth investing more in gold or in silver right now - the values of both metals have been unpredictable during this volatile period, but based on historical experience, investors are likely to choose gold. Although silver is also gaining considerable popularity.
 
The price of palladium has also increased, with the metal currently trading at $2,214 an ounce. Platinum is also keeping up with trends, currently trading at $915 an ounce. Unsurprisingly, the rise in the prices of both metals is also influenced by a disrupted supply chain – they are particularly dependent on Russia (source: Metalsdaily.com). Theindependent.co.zw says that car manufacturers are increasing their demand for palladium again, even though they have been picking up platinum until recently. Platinum may still rise to $950 an ounce (source: Economies.com).
News from the automotive market: demand for hydrogen-powered cars will continue to grow (source: Petrolprices.com). New car sales in Europe are unlikely to recover until 2030 (source: Fleeteurope.com).
 

 
The price of copper is rising little by little. It is currently priced at $7,762.48 a tonne. Although China's economy has slowed down, copper is an exception, with its exports increasing (source: Mining.com). Therefore, it is natural that the price of the metal also increases.