Precious metal prices are currently relatively stable: gold, silver and copper have risen, palladium and platinum have fallen slightly. It is likely that the values of metals will remain similar throughout the summer. The second wave of COVID-19 is forecast in the autumn - if it happens, the prices of precious metals should rise, and investors should benefit from investing now (source: Metalsdaily.com).
The yellow metal currently costs $ 1,773.84 an ounce. The price of gold is rising slowly, but the metal should grow even more (source: Fxstreet.com). The same source says that the price of the yellow metal should no longer fall as it has reached a strong price position. If there is a second wave of coronavirus, the value of gold could rise as high as $ 2,000 an ounce (source: Crytopotato.com).
Gold jewelry sales in the United Arab Emirates fell by 85%, but a recovery is forecast for 2021 (source: Zawya.com).
 
The price of white metal has also risen to $ 17.87 an ounce. Etftrends.com says that now is a very good time for investors to invest in this metal. It should come as no surprise that its price could rise to $ 19 an ounce in the near future (sources: Thinkmarkets.com, Fxempire.com). Kitco.com predicts that silver could cost as much as $ 50 an ounce in three years.
 
Palladium price has fallen again to $ 1,914 an ounce. The main reason for this is not only the fall in car sales, but also the stalled work in African mines due to the coronavirus (source: Invezz.com). The future of this metal is still unclear - its price has fallen by 5% over the year, and demand is also gradually declining (source: Metalsdaily.com). It is possible that the price of palladium will continue to fall in the future.
The price of platinum has also fallen slightly to $ 819.7 an ounce. This metal has a brighter future than palladium - its demand is growing, and naturally the price should rise. In China, for example, demand for platinum has grown significantly in recent years and growth should not stop (sources: Platinuminvestment.com, Miningweekly.com).
Car sales are not growing, and in the US they have fallen quite sharply. This is heavily influenced by the Black Lives Matter protests and the coronavirus (source: Forbes.com).
 

 
The price of copper rose to $ 5943.66 a tonne. Mining.com says that it is the best quarter for the metal since 2010 in terms of price. Fears of a shortage of metal are felt, as demand is certainly not diminishing.