Precious Metals Price Outlook Economic Forecast

Precious Metals Price Outlook

Precious metal prices increase slightly in December

Precious metal prices increased 0.4% month-on-month in December after dipping 1.4% in November, marking the first monthly increase in prices since August.

Silver and platinum prices rose over the previous month, predominately due to healthy manufacturing activity in December, while expectations for stronger U.S. stimulus measures should have supported demand prospects for silver. That said, palladium and gold prices fell slightly, likely due to easing supply concerns and softer safe-haven demand, respectively.

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Precious Metals Historical Price Data

2015  2016  2017  2018  2019  
Gold1159.8  1248.54  1258.46  1269.41  1393.23  
Silver15.71  17.15  17.06  15.72  16.22  
Palladium690.55  614.03  869.99  1030.5  1538.2  
Platinum1051.85  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). 

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