Only the price of platinum has risen this week. All other precious metals declined. It can be seen that there is some price volatility during this period. The war in Ukraine, China's coronavirus policy, and rising inflation are having a major impact on both precious metals and other commodities (source: Gold.org). According to Ilostat.ilo.org, inflation has doubled this year compared to the last year. Investors continue to monitor changes in inflation, on which their actions depend.
The price of gold dropped to $ 1854.09 an ounce. Cnbc.com says that the rise in the price of the yellow metal has stalled due to the slowdown in the US dollar growth. Experts also say that investors are cautious about where to invest due to inflation (source: Uk.investing.com). Forecasts for the price of the metal are mixed. In the short term, gold should cost as much as it does now - there should be no bigger change (source: Fxstreet.com). But it could cost $ 2,000 an ounce at the end of the year (source: Bloomberg.com).
 
The price of silver fell to $ 21.8 an ounce. Equity.guru says that during this period, the price stability of the white metal is being tested: will it not fall to the same level as it was a couple of years ago. In the short term, silver is expected to cost about $ 21.42 an ounce (source: Fxstreet.com).
 
The price of palladium dropped to $ 2118.06 an ounce. And the price of platinum rose to $ 960.72 an ounce. According to Blogs.worldbank.org, because of the war in Ukraine everyone is facing difficult times: not only will the supply of raw materials be disrupted, but so will their logistics. Britain has introduced new increased tariffs on palladium and platinum imported from Russia - not everyone will be able to buy more expensive metals from the country (sources: Azernews.az, Reuters.com). Platinum prices could rise to $ 980 an ounce during this week (source: Economies.com).
As for the car market, the outlook is not good either: new car prices will rise and production deadlines will also be longer (source: Fleetnews.co.uk).
 

 
The price of copper continues to fall - it currently costs $ 9188.87 a tonne. This is one of the lowest metal prices in the last eight months. The main reason for this remains the same – lockdown of Chinese citizens. Stagnant production has a negative impact on many raw materials (source: Mining.com). The effects of this event are already being felt around the world.