The line graph depicts the mean closing values of specific precious elements over the period spanning from 2013 to 2021. Units were measured in $ per oz.
Overall, Palladium’s cost became the most immense after being the most modest, whereas Platinum’s price witnessed an opposite trend. In terms of Gold’s cost, there was not as great an increase as Palladium.
What stands out from the graph is that Palladium’s value started with just over $500 per oz in 2013, then it consistently grew impressively, reaching its apex around 2500 dollars per oz at the end of the period, except for a small drop in 2016. Compared to Platinum’s trend, which was the most colossal at the beginning of the period with about $1500, before experiencing a steady decline until 2020, and it climbed the next year slightly over 1000.
Looking at the price of gold, it was as close as platinum just below $1500 in 2013, and this continued to increase year on year to approximately 1700 dollars in 2021, with the exception of a negligible dip in 2015.