Precious Metals Price Outlook

Precious metal prices rise robustly

Precious metal prices increased 2.7% on a month-on-month basis in December, up from November’s 0.8% rise.

Palladium prices once more led the pack and moved above gold prices for the first time in well over a decade, thanks to speculative interest, tight supply and buoyant demand on the shift away from diesel vehicles in the EU and tighter environmental regulations in China. Moreover, gold and silver prices were up on darkening clouds over the global economy and stock-market volatility, which led to greater safe-haven demand. In contrast, platinum prices declined owing to ongoing limp demand from the automobile industry.

FocusEconomics panelists see precious metal prices rising 4.8% in Q4 2019 compared to the same period of 2018 (previous edition: +5.0% year-on-year). Our panelists expect the upward trend to continue in the following year and see prices 4.4% higher in Q4 2020 in annual terms

For report pricing and subscription information, contact us.

Precious Metals Historical Price Data

	2012	2013	2014	2015	2016
Gold	1668.69	1410.71	1265.83	1159.8	1248.54
Silver	31.14	23.82	19.07	15.71	17.15
Palladium	643.47	725	803.44	690.55	614.03
Platinum	1549.48	1485.41	1383.61	1051.85	987.37

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

Download

Start Your Free 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.

Precious Metals Price Outlook

Precious Metals Historical Price Data

Browse by Commodity

Sample Report

Start Your Free Trial

Search form

Sign up for our newsletter