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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 gives information on the average closing prices of three particular rare metals between 2013 and 2021.
Overall, palladium experienced the most dramatic escalation in its average closing price during the given period, whereas the prices for the other two metals, gold and platinum, saw relatively minor fluctuations.
In 2013, both gold and platinum sold at an average price of around $1,500 per ounce, nearly double the initial average price of gold for the same quantity. Slight dips in value were observed across all three metals in the following two years, with platinum’s value hitting a low of above $500 per ounce in 2016. Notably, in the second half of 2014, platinum’s average price fell below that of gold.
From 2016 onwards, the average price of one ounce of palladium experienced a sharp increase, peaking at just under $2,500 in 2021. In contrast, the average price of platinum for the same amount remained around $1,000 for over six years, ending slightly above that level in 2017. In the same period, the increase in the average closing price of gold was also minor, rising by about $260 compared to its initial price.
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