Precious Metals Price Outlook
Precious metal prices surge in January
Precious metal prices jumped 6.5% month-on-month in January, accelerating from December’s 1.5% rise and marking the strongest increase since July 2016.
January marked the second consecutive month where prices for all four surveyed precious metals rose on a monthly basis. Whereas heightened tensions in the Middle East and low global interest rates underpinned growth in precious metal prices in early January, the coronavirus outbreak was the key driver boosting safe-haven demand in the second half of the month. The outbreak has led to a marked downturn in Chinese economic activity, fueling concerns it will dampen global growth. Meanwhile, palladium prices continued soaring for a fifth month running on increasing supply tightness.
For report pricing and subscription information, contact us.
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
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.