Precious metal prices have risen this week, only palladium has fallen slightly. It can be seen that the precious metals market has been very volatile recently, with prices falling and then rising sharply. At present time, this is mainly influenced by inflation - in some countries it is felt stronger, in others – it is not existent yet (source: Ai-cio.com). It is difficult to predict the future of some metals when the market is very volatile. Of course, the global pandemic, which brings a number of other economic challenges, must not be ruled out either.
The price of gold rose to $ 1836.41 an ounce. It seems that the current situation should be favorable for gold. The fall of the US dollar has had a positive effect on the gold price rise (source: Reuters.com). Sharpspixley.com says that the price of the yellow metal should also rise during inflation. According to Techbullion.com, it is definitely worth thinking about investing in gold this year: its value does not fall during inflation, the demand for metal is growing, and the world's central banks are stocking up metal reserves - it is worth following their example.
 
The price of silver rose to $ 27.35 an ounce. From the metal price graph, it can be noticed that it is difficult for it to rise above $ 28 an ounce so far. Fxstreet.com says that the price of silver will exceed $ 27 an ounce in the near future. Still, compared to previous weeks, the price of silver has risen. Inflation and the falling US dollar have had a significant impact on this (source: Fxempire.com). Investing.com says that the price of silver will continue to rise over the years because the metal has a lot of potential.
 
Palladium has fallen slightly to $ 2,964.56 an ounce. The value of platinum rose to $ 1252.96 an ounce. On May 5, the price of palladium had risen above the $ 3,000 an ounce mark, but the price quickly stabilized over the next few days. However, the value of palladium has remained high recently, which is no longer surprising - the demand for metal is high and the demand for cars’ manufacturing is not decreasing either (source: Metalsdaily.com). Heraeus.com says that platinum also has a good future, as demand for the metal is also growing in many industries. And while the price of platinum is growing quite slowly, it could reach $ 1,300 an ounce in the near future (source: Economies.com).
 

 
The value of copper has reached record highs - it currently costs $ 10,492.24 a tonne. According to Mining.com, copper mines are not yet ready for such a sharp increase in demand for copper, so its price will continue to rise.