Precious metal prices fluctuate this week. The prices of some rose slightly, while others fell a bit. For now, the market situation is without major changes. However, the effects of ongoing inflation, the upcoming US presidential election and the slowing Chinese economy may affect the movement of metal prices, but the values of some metals are just rising in these conditions (source: Metalsdaily.com).
The price of gold rose. It is currently trading at $2,032.09 an ounce. Moneymetals.com says that central banks will continue to rapidly increase gold reserves over the next few years, so the metal remains an attractive investment. Experts also believe that gold is a reliable and valuable investment for investors (source: Economicobservatory.com). Although China's economy is slowing down, its young citizens are also heavily investing in gold (source: Malaymail.com). Investors can be sure about gold - these actions show that the yellow metal is a valuable investment.
 
The price of silver fell slightly. It is currently trading at $22.52 an ounce. Vaneck.com says that the white metal is not currently in a strong price position. Changes in silver prices are also influenced by geopolitical challenges in the world (source: Heraeus.com). However, experts predicted that the demand for metal in the production sector will increase this year, so silver should not be written off. Although its price will increase slowly, the metal is still a cheap and valuable investment.
 
The price of palladium has risen, currently trading at $960.53 an ounce. Platinum has fallen a bit, currently at $883.7 an ounce. However, changes in the price of palladium are not significant, and the US is still planning to announce 500 new sanctions against Russia (source: Bbc.com). In this case, palladium doesn't seem like a worthwhile investment. The fact that investors choose gold as an attractive investment also hinders the increase in platinum prices (source: Heraeus.com). This prevents the platinum from growing its price. Indigopreciousmetals.com says that platinum is still feeling the effects of the post-Covid period, with the metal still needing time to recover.
 

 
The price of copper has increased and is currently priced at $8,490.66 a tonne. Copper mining jobs are growing, experts say, as is demand for the metal (source: Mining.com). Copper looks set to do well this year as well.