All precious metal prices fell this week. It can be noticed that on the last Wednesday the prices were in a really good position, but since then they have been gradually decreasing every day. Prices for some metals rose slightly on this Monday, but today was the turning point again when values finally fell. This volatile situation is significantly affected by changes in the US dollar exchange rate (sources: Finance.yahoo.com, Reuters.com). The effects of impending inflation, the pandemic and accelerated vaccination should not be ruled out either (source: Metalsdaily.com). It should come as no surprise if metal prices could fall again next week.
The price of gold fell to $ 1685.38 an ounce. Economictimes.indiatimes.com says that if the price of gold falls to $ 1,600 an ounce, it is a sign for investors to increase investment in the yellow metal as soon as possible. However, whether this price reduction scenario will prove to be true is still unclear. According to Zerohedge.com, the value of gold should recover. Its price is expected to soon exceed $ 1,700 / an ounce (source: Fxstreet.com).
 
Silver fell to $ 25.21 an ounce. But while the price of the metal has fallen, experts believe that the future of white metal is very bright. As long as the value of silver is above the $ 25 an ounce limit, it is still in a strong position (source: Fxempire.com). Ukinvestormagazine.co.uk says that there is already a shortage of silver and its demand is growing – the source believes that its price will rise very strongly this year. Bullionvault.com says that silver is an investment of a decade and it will rise to $ 50 an ounce in a few years or maybe even this year.
 
The price of palladium dropped to $ 2340.33 an ounce, and platinum to $ 1147 an ounce. Palladium could soon make a serious difference: the shutdown of two Nornickel palladium mines could lead to a price shock in the market - demand for palladium has so far exceeded the current reserves of metal, so it should come as no surprise that the value of this metal will increase (source: Seekingaplha.com). Meanwhile, the price of platinum continues to fall - its sharp rise was not long-lasting. Economies.com estimates that the price of the metal could fall below $ 1,100 an ounce.
In China car sales rose to a record high in February, up to 70% compared to February 2020 (source: Mysteel.net). It is important to mention that 97,000 electric cars were purchased during this February (source: Marketwatch.com).
 

 
The price of copper fell to $ 8,809.67 a tonne this week. The price of copper is directly dependent on its imports to China, which have fallen slightly (source: Mining.com). Still, the value of copper fluctuates sharply every week, so it can rise again. Copper exports rose by as much as 65% in the last month in Chile (source: Mining.com).