Traditionally, as every Monday, we invite you to analyze precious metal prices. We will summarize briefly how the quotations of platinum, palladium and rhodium, that is, the precious metals we were interested in were taking shape.
The platinum course, like the previous one, can be divided into two similar periods. The first – the period of decline, lasted from Friday, 19 April, to Wednesday, 24 April. During this time, the price of platinum decreased from 907 USD / oz, to 888 USD / oz. In the second period, lasting until the end of the week, the rate increased to USD 902.80 / ounce. Thus, we did not manage to make up for the loss from the first half of the week. The average quotation from the described time period was 897.47 USD / ounce.
When it comes to palladium quotations, even before the weekend, an ounce of this precious element was worth 1 410 USD. After reaching this value, there was a sudden and quite significant drop to the value of USD 1,373 / ounce, which was recorded on April 22. It was the smallest value of the last week, after which palladium rebounded and glided up. First, gently, reaching the price of 1 377 USD / ounce, then more and more dynamically. Already on April 24, the price of an ounce was $ 1,403, and on Thursday, it was $ 1,407. However, the most important moment of the week was Friday, April 26. At that time, the price rose by just under USD 49 and amounted to USD 1,456.60 / oz, which was unlikely. It is also worth taking a look at the quotations from the whole month. The minimum price we recorded this month was USD 1,295,50 / ounce (05/04/2019). The maximum in turn is USD 1 456.60 / ounce. To the record value – 1 576 USD / ounce – which we observed on 21 March, there is still a shortage, but each noticeable increase is optimistic and gives hope that the rates will be more and more successful. Will this happen? time will tell.
Palladium quotation chart – source: bankier.pl
In the case of rhodium quotations, it can be said boldly that the price of an ounce has been stable in the last few days. On April 19, the chart line indicated the amount of USD 2,750 / ounce. We could observe this value by 23 April. A day later, the price rose slightly to USD 2,790 / ounce, which we could observe until the end of the week, by 26 April.
Gold, like platinum, first lost value and later grew stronger. The first of these periods did not last for too long. On Friday, April 19, an ounce of gold cost less than $ 1,278. On Monday, on the other hand, it was worth USD 1,274 / ounce. It was the minimum weekly value, after which the price started to increase, finally, on April 26, it reached the value of USD 1,288 / ounce.
Gold quotation chart, source: bankier.pl
We had the opportunity to observe the biggest turbulence in the case of silver rates. The beginning of the week the value of the ounce remained constant and amounted to USD 14.97. A day later, there was a significant drop to USD 14.79 / ounce. Then the price increased, decreased and increased again, eventually to reach 15.04 USD / oz, on 26 April.
On our website you will find, as always, the current prices of used catalysts, as well as the current rates of precious metals.