Precious metal prices have been steadily rising over the past few weeks, but it is common for prices to fall at some point. This was also the case this week, with most precious metals’ prices falling, but only marginally. Cnbc.com says that the military tension in the Middle East is affecting the changes in the value of metals. However, one can hope that these changes are temporary and that precious metal prices will recover in the near future.
The price of gold fell slightly. It is currently trading at $2,331.24 an ounce. Businesslive.co.za says that the geopolitical situation in the Middle East has the biggest influence on the movement of the gold price. However, experts believe that this change is temporary (source: Heraeus.com). Actionforex.com says that further forecasts for gold are positive. Experts also note that the price of gold has doubled in the last five years, so this metal proves a steady increase in its value (source: Dailynewsgypt.com). China continues its traditionally heavy investment in gold, being one of the largest and fastest-investing nations in the metal (source: Mining.com).
 

Precious metals are also doing well as April progresses. Their prices have risen again this week. Only palladium has difficult times, but nothing else can be expected for this metal. In general, there are many reasons that influence the rise in prices, but inflation, growing unrest between Israel and the aggressors, the never-ending war in Ukraine, the US presidential election and the impeachment of candidate Donald Trump that goes along with it, are some of the biggest reasons that add uncertainty to the future.
The price of gold continues to rise. It is currently trading at $2,385.10 an ounce. Heraeus.com says that geopolitical unrest has a lot to do with gold's growth. It is no longer news to experts that the Chinese are investing in gold, but such a large-scale investment has raised a new question - is China trying to control the price of gold? (sources: Thestandard.com.hk, Theprospectornews.com). The outlook for gold is favourable: some experts even believe that the metal could double in value this year (sources: Bullionworld.in, Zerohedge.com).