Several trends can be observed this week - precious metals are either stable or rising slightly. In principle, constant prices are not a bad sign - experts believe that it shows that values are stable and could potentially rise in the future (source: Metalsdaily.com). In the coming weeks, the graphs of precious metals are likely to look similar to what they are now, as major economic, political events affecting metals are not yet happening.
The price of gold rose to $ 1756.3 an ounce. The US dollar has weakened slightly, which has a positive effect on the price of gold. This would currently be one of the highest metal values since 2012 (source: Marketwatch.com). Fxstreet.com says that gold is likely to stay at $ 1,600-1,700 an ounce for some time, but should rise to $ 1,900 an ounce after that. If its price rises so significantly, it is now definitely worth starting to invest in yellow metal.
 
The price of silver has also risen to $ 17.78 an ounce. Experts promise a great year for this metal - its price should rise to $ 18 an ounce in the near future (sources: Investing.com, Fxempire.com). Etfdailynews.com says that demand for silver should increase this year and the price of the metal to rise to $ 20 an ounce. If that is indeed the case, it is now a good idea to invest in this metal.
 
The price of palladium is falling again - it currently costs $ 1949.23 an ounce. The price of platinum has barely risen - the metal now costs $ 837.63 an ounce. Kitco.com says that the price of platinum is still too low. However, there is a growing demand for platinum in both the automotive and jewellery industries in China (source: Spglobal.com). Investingnews.com advises investing in palladium until its price has dropped slightly.
Car sales in China are projected to fall by 10-20% by 2020 (source: News.metal.com). In Europe, car sales are expected to fall more sharply, by about 25% (source: Automotiveworld.com).
 

 
The price of copper does not stop growing - it currently costs $ 5881.93 a tonne. It is likely that the value of the metal may continue to rise - some mines are reducing the number of employees, so the supply of the metal will also decrease (source: Mining.com). Also, in South America, where are a number of copper mines, the coronavirus is spreading quite fast, so work there has also stopped.