Metal recycling and recovery

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Lapkričio 29, 2023

It can be noticed that this week is extremely favourable for gold and silver - their prices have risen very strongly. Other metals are relatively stable. Nasdaq.com says that the US dollar is falling again, which is affecting this week's price movements. There is also talk that inflation is coming down, but when this will be more pronounced and how it will affect the precious metals market, remains to be seen (source: Etftrends.com).
The price of gold rose to a record high. It is currently priced at $2017.29 an ounce. This period is really good for the yellow metal. It's wedding season in India, so the demand for gold jewellery has increased (source: Smefutures.com). Experts share positive forecasts for gold - they say that the demand for it will only grow (source: Cnbc.com). Ourbitcoinnews.com says that you should take a chance and invest in gold, silver and bitcoins. The gold price is said to remain above the $2,000 an ounce mark (source: Think.ing.com).
 
The price of silver also increased. It is currently priced at $24.69 an ounce. Fxempire.com says that the biggest influence on the growth of the silver price was the fall in the US dollar. However, this is not the only reason why the value of the metal increases; silver is not forgotten by more and more investors. Silver is expected to rise above $25 an ounce (source: Fxstreet.com). Next year's forecasts for silver are still cautious - it's worth watching for changes in the coming month (source: Investinghaven.com).
 
Palladium price is almost the same, trading at $1,082.63 an ounce. Platinum is barely up, currently trading at $926.26 an ounce. It is naïve to expect that the price of palladium will rise in these troubled times, when Russian exports are also banned. Heraeus.com says that even though passenger car sales are on the rise in Europe, this does not necessarily guarantee an increase in the price of palladium.
The value of platinum fluctuates in the same range (source: Economies.com). Mining of this metal also takes place in South Africa, where an accident took place in one mine, killing 11 workers; it is also noted that many workers will be laid off from the existing mines, so the backstage of this metal is really sensitive (sources: Businesstech.co.za, Bbc.com).
 


 
The price of copper has fallen slightly, currently trading at $8,389.25 a tonne. The price change is insignificant, so it can basically be said that copper is holding steady.