All precious metal prices rose slightly this week. Such fluctuations can certainly be expected in this volatile period, when inflation is not disappearing and the war in Ukraine is still going on (source: Dailyfx.com). Factories stopped working in China because of quarantine (source: Metalsdaily.com). The US dollar is strengthening, with sources saying it is also a safe investment during the crisis (source: Spectator.co.uk).
The price of gold rose to $ 1977.21 an ounce. Fxstreet.com says that now it’s a little harder for the yellow metal to raise its price while the US dollar is strong. However, the metal is projected to have a good future - it is expected to soon reach $ 2,000 an ounce (source: Forex.com).
 
The price of silver rose to $ 25.86 an ounce. Experts say that white metal maintains its strong price position (sources: Kinesis.money, Fxempire.com). The value of silver is expected to reach $ 26 an ounce in the near future, after that it will rise to $ 27 an ounce (sources: Fxstreet.com, Forex.com).
 
The price of palladium rose slightly this week to $ 2,457 an ounce. And the price of platinum is recovering - the metal is currently costing $ 1,019 an ounce. However, the war in Ukraine could lead to a larger jump in the prices of both metals, as these rare metals are in demand (source: Abcbullion.com.au). In comparison, platinum and palladium are 30 times rarer metals than gold. This week, platinum is strengthening its position (source: Economies.com). According to Fxstreet.com, investing in platinum now seems to be a good choice. If you want a cheaper investment than gold, it's worth considering platinum (source: Inventiva.co.in).
Car sales in China grew sharply in the first quarter of this year, by as much as 81% (source: China.org.cn). However, analysts are sceptical about these figures, saying the data is inaccurate; this is not the first time when experts have distrusted the official data provided by China (source: Bnnbloomberg.ca). For comparison, US car sales fell 18% in the first quarter (source: Cleantechnica.com).
 

 
The price of copper rose to $ 10,354.45 a tonne. Although production in China has come to a significant halt, it was expected to recover gradually over time and that demand for the metal would also increase (source: Mining.com). Some price volatility can still be expected in the coming weeks.