In recent weeks, the graphs for precious metals have looked really good, but this week, prices of all precious metals, except copper and palladium, have fallen. This was largely due to the falling US dollar and the effects of the COVID-19 virus (source: Thenational.ae). However, this situation is not necessarily bad - it is likely that the prices of precious metals will still rise in the near future, so now that their value has fallen slightly, it is worth investing for the future.
The price of gold fell to $ 1697.91 an ounce. The yellow metal and the US dollar are quite strongly related, so this week it was this currency that affected the depreciation of gold (source: Fxstreet.com). However, Kfgo.com says that investing in gold is extremely valuable now, as its price will definitely rise in the future.
Interesting fact: Marketwatch.com says that there will be no more gold in gold mines after the past 20 years. It should come as no surprise that its price is set to rise at a record rate in 20 years.
 
Silver fell to $ 17.76 an ounce. White metal was a great buy when its price was lower, so it looks like the situation could happen again - the price of the metal will fall again to increase its popularity (source: Fxempire.com). However, experts say that the demand for silver will increase even more in various industries this year, so this may have a positive effect on the price of this metal (sources: Miningweekly.com, Outlookindia.com).
 
The price of palladium rose to $ 2,036 an ounce, while platinum fell to $ 846.91 an ounce. Fxstreet.com says that the price of palladium will remain strong and stable in the near future, while platinum will recover and grow. The demand for metals is definitely not decreasing, the deficit is being felt, so these are excellent conditions for their values to increase.
Carandbike.com says that car sales in China continue to grow steadily. In the US this is also recovering (source: Metalsdaily.com). This will soon have an even better impact on the prices of both metals.
 

 
The price of copper has jumped significantly - it currently costs $ 5,709.97 a tonne. The biggest mines are increasing their work to meet the growing orders for this metal (source: Mining.com). Demand is unlikely to diminish, a receding pandemic will further increase demand for the metal.