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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 $2800/oz.
Given the complexity of the image, the above description may not be entirely accurate.
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The graph compares the avereage closing prices of different valuable metals, which are gold, platinum and palladium, over a period of 8 years, starting from 2013 and ending in 2021.
Overall, as can be seen in the graph, Palladium which had the lowest price in 2013, wittnessed the most significant increase over the 8 years. While platinum, which had a higher starting price at the beginning , had a gradual price drop till 2020, then it raised again. The declining in gold’s value reamined almost stable over the given time period.
Palladium, which was the least high-priced valuable metal in 2013 accountig for 500$ per oz, witnessed a surge in the selling price specifically from 2019 and beyond, accounting for almost 2500$ per oz.
Palladium and gold valued almost the same in 2013, accounting for 1500$ per oz. However, they started the same,
platinum’s cost has gradually decreased ranging around 1000$ per oz, till a marginal increase in 2020. Gold’s price range remained almost stable and constant from 2013 to 2018, until 2019, where it witnessed an increase in price, then in 2020 till 2021, the increase became constant.
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