This week is a bit quieter in the precious metals market. Many precious metals rose in price, while some remained flat. Overall, the period in the market has subsided for now, but inflation may still have a leg up on some metals. Spring is likely to begin with elevated metals values (source: Metalsdaily.com).
The price of gold remained stable. It is currently priced at $2016.35 an ounce. Heraeus.com says that inflation is somewhat holding back the growth of gold's value. However, this situation seems to be temporary. Gold demand in China hit record highs in January (source: Moneymetals.com). In India, the demand for this metal has already increased in the last 4 months, especially before their wedding season (source: Brecorder.com). Smallcaps.com.au predicts strong price growth for both gold and silver. Gold is expected to rise to $2,065 an ounce in the near term (source: Fxstreet.com).
 
The price of silver barely rose. It is currently priced at $22.97 an ounce. Silver has become noticed by investors. As interest in this metal grows, so does its price (source: In.investing.com). Long-term forecasts for this metal are also positive - it is believed that its demand will not decrease, especially in certain sectors, such as the production of solar power plants. Heraeus.com notes that a new area is emerging where the demand for silver will grow - this is the mobile phone manufacturing sector.
 
The price of palladium has risen, currently trading at $954.53 an ounce. Platinum also rose, currently trading at $902.88 an ounce. Codelist.biz says that palladium is now at a crossroads. It is losing its demand in the automotive sector. However, the chemical and medical sectors require this metal; with the growth of innovations, maybe the demand for metal will increase somewhat, but not significantly. Economies.com says that the value of platinum has finally shown positive growth. However, it is still difficult to predict where the price of the metal will go next, as it has been really volatile for some time (source: Heraeus.com).
 

 
The price of copper has increased and is currently priced at $8,395.86 a tonne. Probably the most stable metal for many years now is copper. Peru is expanding mines again, and experts say copper will continue to do well, barring minor fluctuations (source: Mining.com).