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News

Birželio 15, 2022

All precious metal prices have fallen this week. This is a more significant change in the last month, when metal prices have been relatively stable recently. Afr.com says that the supply chain crisis is affecting precious metals values. Inflation should not be forgotten; it is constantly rising (source: Etftrends.com). However, it may now be a great opportunity to increase investments in metals until their prices are lower, as it is very likely that the value of metals will increase in the future.
The price of gold fell to $ 1,821.78 an ounce. Investing.com says that the fall in the price of the metal will soon lead to a resumption of demand for the metal. This is already happening in China - when the value of gold falls, the demand for it is growing rapidly (source: Gold.org). India is also experiencing an increase in gold imports (source: Bullionvault.com). However, the yellow metal will not be stable - its price may fluctuate sharply due to inflation (source: Etftrends.com).
 
The price of silver has fallen sharply - the metal currently costs $ 21.11 an ounce. According to Fxempire.com, the price of silver has not shown positive signs of growth for some time. Experts from Capital.com say that the main reason for the fall in the price of silver is inflation. The scenarios are still vague: if the value of silver rises to $ 22 an ounce, then the price of the metal is likely to continue to rise gradually, but this is not yet the case (source: Fxstreet.com).
 
The price of palladium continues to fall - the metal currently costs $ 1,800 an ounce. The price of platinum has also dropped quite significantly - it currently costs $ 940.35 an ounce. The undisputed reasons for the fall in the prices for both metals: inflation and the effects of the war in Ukraine (source: Capital.com). According to Financialpost.com, the fall in the price of palladium is also influenced by the rising US dollar. Is it worth investing in palladium? Experts believe that this should be viewed with caution for the time being, the metal is very volatile (source: Seekingalpha.com). The current decline in the value of platinum does not necessarily mean that the price of the metal will continue to fall - it has risen sharply in the long run and this change can only be temporary (source: Simplywall.st).
 


 
Copper price finally started to rise last week, but this week it fell sharply. It currently costs $ 9,184.9 a tonne. The main reason for this is the fall in demand for the metal in China (source: Mining.com). The situation is expected to change for the better in the near future.