This week, the prices of almost all precious metals fell, but it can be seen that the price changes are quite small. Such fluctuation is certainly to be expected during this volatile period. Bloomberg.com says that precious metal values are heavily influenced by the weakening Chinese economy. Metal prices are likely to remain at similar levels for some time to come.
The price of gold fell to $1,779.03 an ounce. The yellow metal also reached $1,800 an ounce this week, but it didn't last long (source: Sharpspixley.com). According to Nasdaq.com, changes in the exchange rate of the US dollar also affect the decline in the price of gold. In India, the demand for gold for jewellery production has also decreased (source: Economictimes.indiatimes.com). However, Internationalman.com thinks that gold is a stable currency in times of crisis.
 
The price of silver fell slightly, with the metal currently trading at $20.26 an ounce. Still, it's the second week the white metal has held its position above $20 an ounce, which is a good sign for investors (source: Fxstreet.com). Experts believe that the price of the metal can potentially rise to $21 an ounce (source: Metalsdaily.com).
 
The price of palladium is falling again, with the metal currently trading at $2,163 an ounce. Platinum has also fallen slightly, currently trading at $938 an ounce. The changes in the price of both metals are rather insignificant, and observing the changes of the recent period, it can be said that both palladium and platinum are in quite strong positions (source: Coinnews.net). Since the supply chain for these metals, especially palladium, is not smooth during this period, Japan is initiating the recycling of used metals, which it believes is a sustainable future (source: Theworldfolio.com). As the demand for electric cars grows, so does the demand for platinum - naturally, the price of the metal will also increase (source: Cmegroup.com). Metal prices are likely to remain in similar positions during this period.
 

 
The price of copper rose during this week. It is currently priced at $7,958.69 a tonne. However, at the beginning of the week, the price even exceeded $8,000 a tonne, but as demand for copper in China fell, so did its price (source: Mining.com). With such volatility in the Chinese market, various scenarios can be expected.