The prices of some metals remained stable this week, while others fell sharply. A few weeks ago the short-term rise in metal prices happened, but in this unpredictable period we cannot expect the sudden rise in prices. It is only can be expected that prices will grow at least slowly until the end of the year - for some metals it is predicted (source: Metalsdaily.com).
The price of gold fell slightly to $ 1,867.5 an ounce. Interestingly, investment in gold increased by as much as 360% over the past month (source: Newsmax.com). Scrapmonster.com says that gold imports to China also rose to record levels during this spring. Fxstreet.com predicts that gold will cost $ 2,000 an ounce by the end of the year. But Forexcrunch.com thinks otherwise: it says that gold will cost $ 1,800 an ounce at the end of the year, and $ 1,500 an ounce at the end of next year. How it really will happen remains to be seen, as the forecasts are still quite distant.
 
The price of silver has not changed since last week - the metal costs $ 27.91 an ounce. The future of white metal is still uncertain, as no strong price changes are taking place yet. The strengthening US dollar is one of the reasons why the value of the metal is not rising (source: In.investing.com). What to expect in the future? Experts predict that the price of the metal will remain in a similar position, will not rise above the $ 28 an ounce limit (sources: Investingcube.com, Forexcrunch.com).
 
The price of palladium has dropped to $ 2763.78 an ounce. The price of platinum fell slightly to $ 1172 an ounce. Still, the future of these metals should be bright. Palladium imports have picked up as new car sales have accelerated (source: Independent.co.uk). Bnnbloomberg.ca predicts that the price of palladium will rise further in the future. Meanwhile, platinum is recovering in the jewellery industry - the demand for metal and sales are growing (source: Instoremag.com).
An interesting phenomenon in the car market: in China, car sales fell slightly in May for the first time in the last 14 months (source: Reuters.com). But overall, car sales are definitely recovering and may even return soon to the 2019 pre-pandemic demand (source: Autocar.co.uk).
 

 
The value of copper has dropped significantly this week. It currently costs $ 9558.58 a tonne. The main reason for this sharp drop in price is the reduced demand in China (source: Mining.com). However, it should come as no surprise that demand and price will soon increase again, as more and more electric cars being produced – copper is necessary for the electric cars production.