Precious metals are either holding steady or increasing their prices this week. Some metals even managed to increase their value significantly. Ig.com says that the falling value of the US dollar and high inflation fears had a significant impact. Metals such as gold and silver will certainly take advantage of this situation and be able to grow in value. Inflation fears are not likely to disappear for a long time.
The price of gold rose sharply. It is currently trading at $2,115.45 an ounce. Lbma.org.uk says that the metal has reached its highest value this year. The yellow metal is said to be looking even better than predicted, making gold one of the most valuable investment metals this year (source: Fxempire.com). Gold.org says that both central banks and investors will definitely invest more in gold this year, so before the price of the metal rises even more, it is worth filling your portfolio with investments in this metal.
 
The price of silver also increased. It is currently priced at $23.95 an ounce. The outlook for silver, like gold, is bright. Fxempire.com says that the value of the white metal should continue to rise. And this happens for a reason. Fxstreet.com says that demand for silver has risen to record levels. This year, it should grow to 1.2 billion ounces, one of the biggest records in silver history (source: Silverinstitute.com).
 
The price of palladium has risen, currently trading at $968.23 an ounce. Platinum has also gained in value, currently trading at $899.2 an ounce. Changes in the value of palladium do not make a big impression - they are more symbolic. This year will not be progressive for metal, so there are simply no positive predictions (source: Metalsdaily.com). The platinum situation is somewhat different. Miningweekly.com says that the metal deficit is significant. Its demand is especially growing in the automotive manufacturing sector, which is moving forward with innovation (source: Bnnbreaking.com). However, the value of platinum is still fluctuating, so it remains to be seen how the price of the metal will change further.
 

 
The price of copper has decreased minimally - it currently costs $8,479.64 a tonne. However, the change is very slight, and such price fluctuations are not new. This year will also be good for the metal in the long term (source: Mining.com).