This week, the prices of precious metals fell somewhat, only silver rose minimally. However, the decrease in prices is not large - it is not worth drawing long-term conclusions from such a change. Thehindubusinessline.com says that the changes in the prices of metals are influenced by both the fall in the US dollar and the different demand of central banks for metals (for example, it is higher for gold). Of course, geopolitical events and inflation should not be forgotten.
The price of gold fell a bit. It is currently priced at $2019.15 an ounce. Forexlive.com says that gold buying in China has fallen somewhat in recent weeks due to the ongoing annual holiday. However, this is a temporary phenomenon, as experts believe that the value of gold will increase further this year (source: Zerohedge.com). Nasdaq.com predicts that the demand for gold may even be record this year, so it is worth watching how the price of the metal changes in these months.
 
The price of silver rose slightly. It is currently priced at $22.7 an ounce. Those who don't buy gold buy silver as an investment (source: Mining.com). Fxstreet.com says that when the price of silver is below $23 an ounce, it attracts even more investors. However, the outlook for this metal is bright. Coinworld.com predicts that demand for silver will grow worldwide this year. Experts believe that the value of the metal will rise as high as $30 an ounce this year (source: Investinghaven.com).
 
The price of palladium has fallen, currently trading at $899.01 an ounce. Platinum also fell, currently trading at $892.25 an ounce. This week, the price of palladium for the first time since 2018 was lower than platinum (source: Nasdaq.com). Forbes.com says that it is the changing automotive sector that has a major impact on the decline in demand and value of palladium. There are no breakthroughs for this metal yet. At this stage, experts are still refraining from making more sound predictions for platinum also, so it remains to be seen how the situation of these metals will change further (source: Heraeus.com).
 

 
The price of copper has fallen and is currently priced at $8,270.2 a tonne. It is likely that China's holidays have an effect on the decrease in copper demand, but this is a temporary phenomenon. The demand for copper is predicted to grow further this year, so good results can be expected soon (source: Mining.com).