This week has a trend: the prices of all precious metals, except copper, have fallen. The main reasons for this are the extremely strong US dollar and the global economic crisis (source: Scrapregister.com). However, falling prices are not a bad sign – some metals will have a bright future, and investors can take advantage of current events.
The price of gold has not been so low in the last 100 days; currently it costs $1276.89 an ounce. According to Etfdailytrends.com, gold is the only currency you can rely on. In Europe, investment in gold is growing: the European gold-backed exchange, which started its activities in 2016, is now thriving (source: Gold.org). It is worth to mention, that gold mining is also record-breaking (source: Miningweekly.com). Experts from Cnbc.com say, that gold can reach $1400 an ounce by the end of the year.
 
Silver currently costs $15 an ounce, but in the current week its price was falling below this price limit. It is worth to mention, that if gold price falls, the value of silver will fall too. Over the past year, the demand for white metal has risen by 4%; the demand can increase this year too (source: Mining.com). According to Nasdaq.com, when the price of gold will rise, the silver will rise too, just wait a bit.
 
The value of palladium is decreasing rapidly, it currently costs $1352.26 an ounce. The value of platinum has also fallen – the metal price currently is $880.75 an ounce. These two metals are affected by falling car sales in the largest countries of the world: in Europe, especially in Italy and Spain, the US, India and China, the sales have dropped sharply (sources: Heraeus.com, Bloomberg.com, and Scmp.com). While car sales are not recovering, palladium and platinum prices will not rise.
 

 
The only metal that has risen its price this week is copper, currently costing $6558.75 a tonne. China, with a record-breaking import of 22.4 million tons of copper, still is in need for this metal; Canada and the US invest in new mining searches; Chilean copper mine Antofagasta invests $3 billion to the Centinela Mine (source: Mining.com). It can be seen, that the demand for copper is certainly not diminishing and its future will be profitable.