
Precious Metals Price Outlook
Precious metal prices rise in December
Precious metal prices increased 3.6% month on month in December, after November’s 2.9% rise. This came on the back of higher prices for all precious metals except palladium.
December’s overall uptick in precious metal prices was driven by a weaker U.S. dollar, which depreciated by over 3% on average in the month relative to November. This made purchasing precious metals more affordable for holders of other currencies. Moreover, after peaking in late October, U.S. Treasury yields continued to trend down in December, increasing the attractiveness of precious metals—which bear no interest—as an investment. Silver prices could also have been boosted by China’s decision to lift Covid-19 restrictions and the Chinese government’s pledge to shore up growth. In contrast, palladium prices took a knock amid a slowdown in the Chinese car market—palladium is chiefly used in cars’ catalytic converters.
For report pricing and subscription information, contact us.
Precious Metals Historical Price Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Gold | 1159.8 | 1248.54 | 1258.46 | 1269.41 | 1393.23 |
Silver | 15.71 | 17.15 | 17.06 | 15.72 | 16.22 |
Palladium | 690.55 | 614.03 | 869.99 | 1030.5 | 1538.2 |
Platinum | 1051.85 | 987.37 | 948.13 | 879.15 | 863.77 |
Note:
Gold prices in USD per troy ounce (toz).
Silver prices in USD per troy ounce (toz).
Palladium prices in USD per troy ounce (toz).
Platinum prices in USD per troy ounce (toz).
All prices are average of period (aop).
Sample Report
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.