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News

Lapkričio 10, 2021

Prices for many precious metals have risen this week, with some falling minimally. It can be said that the stability of prices with some growth is already in its second week. Inflation and other effects that negatively affect the value of precious metals do not go away, so it is recommended not to rush to sell out your investments and increase them deliberately (source: Forbes.com).
The price of gold rose to $ 1825.12 an ounce. Experts believe that the value of the yellow metal should rise again in the near future (source: Metalsdaily.com). According to Fxstreet.com, the closest price target is $ 1,834 an ounce. It is important to note that the demand for gold in China remained stable during October and may even increase before the holidays (source: Gold.org).
 
The value of silver rose to $ 24.47 an ounce. The change in price is very small compared to the last week: in general, it can be said that white metal is in a constant position in its price. Heraeus.com says that silver is increasingly being used in renewable energy, so the demand for the metal is sure to grow every year. It is worth investing in silver: according to Investing.com, silver investors just need a little patience, but they will still see the result.
 
The price of palladium rose to $ 2,083.88 an ounce. No major changes are yet foreseen for palladium: the crisis in car chips is continuing and vehicle production is declining, which is in line with declining demand for palladium (source: Heraeus.com). In Western Europe alone car sales fell by 28% in October (source: Just-auto.com). It looks like the price of palladium may also fall.
The price of platinum has fallen slightly, currently at $ 1,060.9 an ounce. Economies.com says that the price of the metal has really recovered throughout the week, as it can be seen from the price change graph. As platinum is a more widely used metal than palladium, it is less affected by the chip crisis. According to Heraeus.com, platinum mines are increasing their capacity as demand for the metal grows.
 


 
The price of copper has fallen slightly to $ 9633.1 a tonne. It should come as no surprise that we would soon see a sudden jump in the value of copper again. Mining.com says that demand for the metal is growing again in China.