Precious Metals Price Outlook
Precious metal prices continue to fall in September
Precious metal prices dropped 2.5% month-on-month in September, softening slightly from August’s 2.6% fall. The result marked the fourth consecutive month of declining prices.
The downturn was broad-based, with prices for all four precious metals tracked by our panelists falling in September. Palladium prices dived at the sharpest pace since our current records began, while platinum prices posted a slightly softer, but still stark drop in September, bruised by a battered demand outlook as global car manufacturers continued to grapple with the ongoing semiconductor shortage. Similarly, cooling global manufacturing momentum seemed to weigh on silver prices, which declined for the fourth month running in September. Lastly, gold prices dipped marginally following the Fed’s announcement that it will likely taper its QE purchasing program in the coming months, and as the U.S. 10-year bond rate rose markedly.
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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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