This week has been a very favourable one for the precious metals market - prices of all precious metals have risen, some at record levels. Precious metals are currently less influenced by global economic factors such as the US-China trade war, the economic crisis and so on (source: Metalsdaily.com). This positive situation is expected to continue for some time.
Gold has soared to a record high this week - metal is now priced at $ 1501.48 an ounce. Experts believe that gold is very favourable for this period and that its price may rise rapidly - investors should not be surprised that the value of gold may rise as high as $ 2,000 an ounce (sources: Pethmintbullion.com, Thestreet.com). Investors say it's hard to lose when you invest in gold, especially during a favourable period - metal is a time-tested and reliable investment (source: News.metal.com).
 
Silver is rising same as gold at $ 17 an ounce this week. According to experts, white metal will follow the gold trend and successfully raise its price in the near future (sources: Moneyweek.com, Koreajoongang.joins.com). Silverseek.com agrees that investors should pay attention to silver, it's a great investment at the moment. An interesting and valuable fact is that Silvercorp Metals, a silver mine in China, gives high priority to the environment and employee safety, which brings real benefits - the company is growing profits (source: Bnnbloomberg.ca).
 
Palladium is currently priced at $ 1,455.5 an ounce and platinum is priced at $ 855.5 an ounce. The prices of both metals have risen this week, albeit marginally. Palladium price may not rise again, with car sales in China and India falling sharply (sources: Asia.nikkei.com, Bloomberg.com). Meanwhile, platinum is not so volatile as palladium - car sales drop do not have a high impact as the metal is used more widely - major mines in the world expect record profits this year (sources: Reuters.com, Bloomberg.com).

 
 
The price of copper rose $ 100 a tonne comparing with the last week. Metal has a bright future - 250% more will be needed in 2030 solely because of the increased number of electric vehicles charging sites (source: Mining.com). In China, there were an increase in the metal extraction last month. Meanwhile, the Nautilus Minerals mine is planning to look for copper even underwater - complex mining is planned (source: Mining.com).