This week, due to the Easter season, we are publishing the analysis of precious metal prices today, and not as before – on Monday. Normally, however, we will look at the precious metal courses starting from the penultimate Friday. How were the platinum, palladium and rhodium quotations formed, which are assembled in car catalysts to reduce the amount of hazardous chemicals released in the exhaust.
Platinum listings last week, we could divide into two periods. The first, lasting from Friday, April 12 to Tuesday, April 16, which we can define as the period of decline, and the second – lasting until Thursday – period of growth. The starting price was 895 USD / ounce. By April 16, it decreased by USD 10 / ounce. From Tuesday, the price quickly began to climb up. Already the next day, she almost made up for the loss from the beginning of the week, and the next day, she reached her maximum value of USD 907.80 / ounce. On Friday, there was only a minimal decrease of 0.80 USD. The average platinum value was less than USD 897 / ounce at that time. This is a fairly high average, given that the last month was 883 USD / ounce, while the average of the last half year, only 833 USD / ounce.
Similarly, the palladium records were formed, which until Tuesday, April 16 was losing value. That day he reached the price of 1 3370 USD / ounce. Since Tuesday, the value of palladium has soared up, and on Thursday it has reached $ 1,410 / oz, almost $ 80 more than just two days earlier. Does this mean that good palladium times have returned? Unfortunately, it’s too early to say so. The only thing we can do at the moment is to watch the odds and wait for the record prices to return.
Source: bankier.pl
Recently, we did not have too many reasons to be happy about the chart of family quotations. Since the end of March, it did not look the best. This time, however, we have good news for you. From Monday, 15 April, the price has started to grow slowly. On April 18, it reached the value of USD 2,750 / ounce, which we can also observe at present.
The gold rates were quite different in the past week. Here, for most of the week, the chart went down to lower and lower values. The highest price was recorded at the beginning of the week. It amounted to USD 1 299 / ounce. Within three days, the value of gold fell to USD 1 276 / ounce. It’s the lowest price for over three months. According to experts, the reason for such a bad situation in gold is the strong position of shares on the American market. Actions going up, exert pressure on gold, which has been perceived for years as a form of security.
Source: bankier.pl
The confusion on the precious metal market has been avoided by silver. The metal maintained its average value at USD 14.95 / ounce. The maximum exchange rate was USD 15.06 / ounce, on 19/04/2019.
We invite you to keep abreast of current precious metal rates in our „Exchange rates” tab
Current prices of used catalysts, as you can always find in the catalog.