Precious metals prices are not following the same trend this week. The values of some metals increased and others – decreased. However, the changes are not very significant, so it can be said that prices have been relatively stable lately. According to Sbma.org.sg, as long as the war in Ukraine takes place, the value of metals will remain relatively high, and their demand will certainly not decrease. Etftrends.com adds that inflation will also go hand in hand with the war crisis, which will also prevent metal prices from falling sharply.
The price of gold rose to $ 1933.5 an ounce. According to Sharpspixley.com, demand for gold is stable and purchasing power is growing. Reviewers say that inflation and the war in Ukraine have had a major impact on the growth in demand for gold, with the metal being as a safe currency (source: Incrementum.li). However, this does not mean that the price of yellow metal will rise due to the growing demand. The US dollar is currently stable and strong, which is holding back the rise in the value of gold (source: Brecorder.com).
 
The price of silver has dropped to $ 24.56 an ounce. Experts say that the small drop in the price of silver was due to the strong exchange rate of the US dollar (sources: Fxstreet.com, In.investing.com). Fxempire.com believes that the value of white metal should recover in the near future.
 
The price of palladium has risen slightly this week - the metal is currently costing $ 2,296.9 an ounce. The price of platinum also rose to $ 993.03 an ounce. Although Russia has already been sanctioned, some countries are still buying precious metals, including palladium, from the country (source: Mining.com). However, it should be mentioned that the purchase has really decreased - if there is an option to buy from other countries than Russia, many take advantage of that option. The price of palladium is also affected by the recurring coronavirus pandemic in China, where factories’ operations have also come to a halt (source: Theedgemarkets.com). Meanwhile, the price of platinum will not change much yet, the value will fluctuate in the range of 950-1010 an ounce (source: Economies.com).
Semiconductor sales are growing worldwide, although shortages of raw materials are felt (source: Oilprice.com). The war caused by Russia will have a significant negative impact on European carmakers, which will have a direct impact on consumers as car prices continue to rise (source: Nationalobserver.com).

 
The price of copper continues to rise - it currently costs $ 10,536.33 a tonne. The pandemic in China has not yet had a negative impact on the price of the metal, although demand from the country has declined somewhat (source: Mining.com).