Precious metal prices are recovering little by little again. Fxstreet.com confirms that inflation is approaching. As this phenomenon approaches, experts recommend investing in valuable investment assets like works of art, precious metals (source: Markets.businessinsider.com). As long as metal prices have fallen, investing in them is definitely worth it.
The price of gold rose to $ 1,728.48 an ounce. Reuters.com says that the value of the yellow metal recovered fairly quickly compared to the previous period. But it will be a big challenge for the metal to maintain this or a higher price next week. Experts from Bullionvault.com believe that investing in gold is a great option now - expecting good returns in the future. The price of gold this year is expected to be around $ 1,800 an ounce (source: Fxstreet.com).
 
White metal has risen very little - it currently costs $ 24.84 an ounce. Economies.com says that silver is now stable. According to Fxempire.com, the price of silver must exceed $ 25 an ounce to make its position even stronger: if it happens, it’s value will rise even faster. Fxstreet.com predicts silver will cost $ 25.4 an ounce next week.
 
Palladium is currently priced at $ 2577.42 an ounce, platinum has risen to $ 1217 an ounce. Economies.com says that the rise in the price of palladium this week was due to the falling US dollar. Reviewers from Kitco.com predict that the price of palladium should rise to $ 2,755 an ounce soon.
Although the price of platinum has been volatile for some time, a bright future for the metal is predicted. Timesofindia.indiatimes.com says that the demand for platinum jewellery will increase again this year. It is worth investing in platinum, because it is 30 times rarer than gold (source: Money.usnews.com). Most platinum is mined in South Africa and Russia - often the price of the metal depends on the economic and political situation in these regions. And, of course, the less this metal is extracted, the higher its price. It looks like it could rise again.
In the first quarter of this year, car sales in the US rose by as much as 11% compared to last year (sources: Postandcourier.com, Auto.economictimes.indiatimes.com). General Motors, one of the largest automakers in the United States, is also seeing an increase in demand for cars (source: Finance.yahoo.com). Palladium and platinum prices are also expected to rise due to growth in car sales.
 

 
The price of copper rose sharply to $ 9071.36 a tonne. Such a sharp rise in prices has occurred since Monday, as Chile (where large amounts of copper are extracted) has closed its borders due to a high number of coronavirus infections (source: Mining.com). There are many sanctions in Chile also. The price of copper is likely to rise next week as well.