Tendencies do not change - precious metal prices have risen again. Some jumped even at a record high. Metal values are likely to continue to rise in the near term due to coronavirus and its consequences, US-China tension, and the strengthening US dollar (source: Nasdaq.com).
The price of the yellow metal has been rising steadily lately - it currently costs $ 1,803.27 an ounce. Fxempire.com says that gold can really maintain its strong position until 2021. Experts also believe that gold is currently a very valuable investment (source: Oilprice.com). Russia has sold more gold than oil this quarter alone (source: Themoscowtimes.com). By the end of the year (and maybe even earlier), the price of the yellow metal could rise to $ 1,900 an ounce (source: Fidelity.co.uk).
 
The price of silver has jumped significantly this week - it currently costs $ 19.13 an ounce. Marketwatch.com says that the white metal should soon reach its peak which was four years ago. It looks like its price could rise to $ 20 an ounce in the near future (source: Safehaven.com). Fxstreet.com says that silver will be a noteworthy investment - especially for those who do not invest in expensive metals.
 
The price of palladium has risen slightly to $ 1996.67 an ounce. As in previous weeks, the price of the metal does not change very much, so it is difficult to predict in which direction it will continue to move (source: Metalsdaily.com).
The price of platinum rose to $ 839.11 an ounce. Platinuminvestment.com says that platinum should be quite successful this year because its demand is not diminishing. How it will be in reality, it is still difficult to decide, because the value of this metal is also growing quite slowly.
Observing global car sales leads to the conclusion that they are among the worst in recent years. Pulsenews.co.kr says that they should only recover in 2023. In China, the situation is similar: car sales in the country will fall by 10-20% this year (source: Zerohedge.com).
 

 
The price of copper has jumped at a record high - it currently costs $ 6452.49 a tonne. The main reason for this is the lack of metal. Mines are not working or work very slow, and in some mines protests are happening (source: Mining.com).