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The image presents a line graph detailing the average closing prices of gold, platinum, and palladium from 2013 to 2021. In 2013, gold is around $1400/oz, platinum is near $1600/oz, and palladium is approximately $750/oz. By 2014, gold slightly decreases to about $1300/oz, platinum dips to around $1400/oz, and palladium rises to about $800/oz. In 2015, gold drops to roughly $1150/oz, platinum falls to about $1000/oz, and palladium decreases to approximately $700/oz. By 2016, gold increases to about $1250/oz, platinum remains steady at roughly $1000/oz, and palladium is slight below $600/oz. In 2017, gold is steady at around $1200/oz, platinum maintains at $1000/oz, and palladium rises to nearly $900/oz. In 2018, gold is constant at $1200/oz, platinum declines to around $850/oz, and palladium surpasses platinum at $1000/oz. By 2019, gold raises to $1400/oz, platinum is near $900/oz, and palladium sharply increases to $1500/oz. In 2020, gold peaks at around $1800/oz, platinum rises to approximately $900/oz, and palladium peaks at $2500/oz. By 2021, gold stabilizes at roughly $1800/oz, platinum reaches $1100/oz, and palladium remains highest at $2800/oz.
Given the complexity of the image, the above description may not be entirely accurate.
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The line graph illustrates the average closing prices of three precious metals and compares their cost between 2013 to 2021.
Overall, the price of palladium and gold has increased annually by 2021 compared to 2013. Palladium standing out from being the cheapest in 2013 to the costliest among any category by 2021. Platinum showing reverse trend by being most expensive to dropping down to least expensive over the years 2013 to 2021.
In 2013, Palladium costed about 750$ per oz. This price hovered till 2016, post which Palladium prices experienced a steep rise till 2020. The price for Palladium peaked nearing 2500$ per oz by the end of 2021 topping the three categories. In contrast Platinum prices decreased steadily over the years 2013 to 2020 from 1500$ per oz to just below 1000$ per oz. In 2021 the price of Platinum was slightly over 1000$ pr oz being the lowest in the list.
However Gold maintained its price nearly within 1100$ to 1500$ range between 2013 to 2019. The prices within a year peaked to eventually plateaue at roughly 1700$ pe oz in 2021. Gold also retained it’s position being the second costliest metal among it’s peers.
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