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
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Precious Metals Historical Price Data
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).
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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