Observing the changes in the prices of precious metals this week, it can be noticed that the prices of many precious metals are gradually rising again. A similar scenario could have been expected, as there is unlikely to be unified stability during this difficult period. Home.saxo states that although the war has been going on for almost a month, it is still difficult to predict how the prices of precious metals will change: there are a number of reasons that could change the values of metals.
The price of gold fell to $ 1,935.94 an ounce. Brecorder.com says that the volatility of the metal price is caused by inflation, which is unlikely to go away for a long time to come. As the war lasts longer, inflation will only deepen. However, the yellow metal has its title as a safe investment and its demand is not diminishing (source: Fxstreet.com). Bloomberg.com predicts the metal will cost $ 2,200 an ounce by the end of the year.
 
The price of silver rose to $ 25.26 an ounce. Fxempire.com says that silver is trying to stabilize, but the value of the metal has not yet changed significantly due to the ongoing war. It is a good sign that white metal has also risen in value as the US dollar has risen too (source: Nasdaq.com). Experts from Uk.investing.com believe the price of silver should rise further and the current price cap is temporary. For some time, the value of silver may not exceed $ 25.6 an ounce (source: Fxstreet.com).
 
The price of palladium has risen again - currently the metal costs $ 2,598.85 an ounce. The price of platinum also rose to $ 1,044 an ounce. Oilprice.com says that the price of palladium will return to its normal range, although there are fears of supply problems and metal shortages. Platinum, meanwhile, has a bright future, with investors seeing the metal grow in the long run (source: ABCbullion.com). One of the metals that Russians are now trying to invest in is platinum (source: Russia-briefing.com). Fxstreet.com says that the price of the metal could rise further to $ 1,050 an ounce this week.
February was the worst month for new car sales in Europe (source: Heraeus.com). Car manufacturers are also looking for other suppliers in Europe and other continents to help replace the disrupted supply of the necessary materials and components from Ukraine and Russia, which is likely to drive up car prices (source: Eu.detroitnews.com).
 

 
The price of copper rose to $ 10,366.14 a tonne. As demand for copper has recovered this week, it is natural that its price has also risen. Also, the world's major mines do not stop announcing their development projects (source: Mining.com).