This week, all precious metal prices rebounded comparing with the last week. It can be noticed that there has been a lack of price stability in the precious metals market, but the values of metals are still quite good during this pandemic period. Coindesk.com says that inflation is approaching, so there will certainly be changes in the precious metals market.
The price of gold rose to $ 1,732.18 an ounce. The Central Bank of Poland plans to buy 100 tons of gold in the coming years; countries are increasing stocks of this investment metal (source: Reuters.com). And when it comes to forecasts for gold, they are twofold. Fxstreet.com estimates that the price of gold should rise to $ 1,800 an ounce soon. But experts from Metalsdaily.com say that the price of the yellow metal will drop to $ 1,500 an ounce. How it will actually be will probably be seen soon.
 
The value of silver rose to $ 26.24 an ounce. Economies.com says that the price of the metal has risen this week as demand for the metal grows in China. Still, in the long run, the future of silver is vague. Forexcrunch.com says that the price of silver is likely to fall this year. Fxstreet.com predicts that the price of silver will be around $ 20 an ounce by the end of the year.
 
The price of palladium rose to $ 2404 an ounce, and platinum to $ 1221 an ounce. The situation at the Nornickel palladium mines is not improving - it is likely that the mines will be closed for another 3-4 months, so the palladium shortage will become more and more severe (source: Reuters.com). Economies.com confirms that the price of palladium is recovering more and more rapidly due to the growing demand for the metal.
Meanwhile, the price of platinum in recent weeks seemed to continue to fall, but the situation has changed this week. Financialpost.com says that there was already a shortage of platinum last year - the required amount of metal was not extracted in the mines. Platinum shortages will continue this year, so the price of the metal is likely to continue rising (source: Mining-journal.com).
During February of this year, car sales in China grew 364.8% compared to 2020 February - purchasing power recovers strongly (source: Menafn.com).
 

 
Copper currently costs $ 8961.35 a tonne. The price of the metal is higher this week compared to the last week, but looking at the changes in the price this week, it can be seen that the value of the metal was much higher in the middle of the week. In general, the price of copper is good, and its demand in China does not decline, so the metal should continue to follow a similar price range (source:  Mining.com).