We invite you to the latest analysis of precious metal prices from last week. How has the listing of essential elements changed for us, such as platinum, palladium and rhodium? Do metals that are placed in car catalysts have increased their value during the last few days?
Recently, we wrote about how the price of platinum grew at the beginning of the week, and in the second half the trend was reversed. This time the line of the chart was going down for the most part of the described period.
On Friday, April 26, the price of an ounce of platinum was 902 USD. By Tuesday, she had accepted the price of USD 891, and two days later, we could observe the exchange rate of USD 854 / ounce. In total, the weekly difference was around USD 50. Last time, we could observe such a significant drop in February. Only Friday was distinguished by the positive direction of changes in quotations, but the losses did not manage to „do it”, and the week ended with the value of 87 USD / ounce. The average exchange rate was USD 882 / ounce.
Palladium with slightly different quotations. The most significant difference was recorded after the weekend. Only from Friday to Monday, the price of an ounce fell by 93 USD! A similar situation took place as in the previous summary period, but the fall was much larger this time. After such an unusual change in the courses, the price of palladium began to hesitate, but the differences were not so significant. After a further increase to USD 1,379 / ounce, palladium again reduced its price to USD 1 342 / ounce. The next two days brought a slight increase. After the giant increase in the listings that took place on 22.04 -26.04, there was an equally large drop that restored quotations of this noble element to the value from the beginning of April.
In the case of a line, we do not have good news for you again. Its value during the week was systematically falling, except for a few moments of stagnation. This period began with a rate of 2,777 USD / ounce. On April 29, the chart line was worth 2,750 USD / ounce, and on May 1, the family started losing again to finally reach the price of USD 2,740 / ounce.
Gold quotes can be described schematically as drop-growth-drop-growth, with periods of growth that can be described as less spectacular and significant. They certainly did not create a balance between the „bull market” and the „bear market”.
On Friday, April 26, the rate was equal to USD 1,288 / ounce. Despite the temporary upward trend on Tuesday, the price achieved by gold was on Thursday at $ 1,271 / ounce. In the case of this element, it is a big difference. Friday’s rate did not ease the situation, and the gold finally reached the price of 1 280 USD / ounce.
The same scheme as in the case of gold quotations can be distinguished when it comes to silver. Here, however, the differences in the exchange rate were adequate to the value of this element. And so, the initial exchange rate was USD 15.04 / ounce, then decreased by USD 0.10 / ounce. Subsequently, after a slight increase to USD 14.98 / ounce, the price began to peak down to stay at USD 14.62 per ounce on Thursday. The Friday’s increase led to a significant improvement in the situation of the element and finally the price of an ounce of silver was 14.95 USD / ounce.
Current price list of used catalysts as always available on our website.
Current quotations of precious metals in the „Exchange rates” tab.