Precious metal prices continue to rise, some slowly and others sharply. Reviewing this half year, it can be noted that metal prices fluctuated more to the negative side (source: Sucdenfinancial.com). Naturally, this is influenced by the tense economic situation in the world, the war in Ukraine, and instability in China. It seems that the situation is unlikely to improve this year - it is worth hoping for at least stability.
The price of gold rose to $1,788.39 an ounce. Fxstreet.com says that the yellow metal could soon rise to $1,800 an ounce. China's demand for gold is on the rise (source: Sharpspixley.com). Historically, the price of gold has held up really well during this challenging period (source: Sucdenfinancial.com).
 
The price of silver rose slightly, with the metal currently trading at $20.67 an ounce. According to Canadatoday.news, it looks like the worst looking metal in a while is finally showing signs of recovery. The growth of the value of the metal is influenced by the weakening of the US dollar (source: Heraeus.com). Experts believe that the price of silver will soon rise to $21 an ounce (source: Fxstreet.com). The price of the metal will also depend on how quickly the Chinese market recovers, as demand and value for the metal will increase as production recovers (source: Sucdenfinancial.com).
 
The price of palladium has also increased, with the metal currently trading at $2,243 an ounce. Platinum is also keeping up with the trend, currently trading at $948 an ounce. The general trend is that the economy is weakening and the demand for metals is growing, so it is natural that their prices are also increasing (source: Blogs.worldbank.com). During the last six months, the price of palladium fell the most, while platinum remained relatively stable (source: Sucdenfinancial.com). For the time being, it is doubtful that the values of these metals will return to their former high positions (source: Heraeus.com).
News from the auto market: China's new car sales have grown quite strongly over the past month (source: Chinadaily.com.cn). US car sales in July also slightly increased (source: Economics.td.com). However, whether car sales will continue to rise is still difficult to predict, as the economy is slowing down (source: Nasdaq.com).
 

 
The price of copper increased quite significantly this week. It is currently priced at $7,932.89 a tonne. If the demand for the metal in China continues to rise, so will its price (source: Sucdenfinancial.com). For now, copper is in a fairly stable position.