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The image displays a line graph titled "Precious metals price history" depicting the average closing prices of gold, platinum, and palladium from 2013 to 2021, with prices ranging from $500 to $3000 per ounce. Gold prices steadily increased from around $1200 in 2013 to over $1800 in 2021, with a brief dip in 2015. Platinum prices fluctuated between $1000 and $1500, peaking in 2014 and 2016 before declining to around $1000 in 2021. Palladium prices experienced the most significant growth, starting at $500 in 2013, peaking at almost $3000 in 2020, and ending at around $2500 in 2021.
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The line graph presents the average closing price of chosen precious metals between 2013 and 2021.
Overall, although palladium had the lowest price at the beginning of the period, it rose sharply and became the most expensive metal by 2021. In contrast, gold and platinum started at similar levels, after which gold showed a moderate upward trend while platinum declined and then fluctuated.
The price of palladium was around $750 per oz. and stayed constant from 2013 to 2016. This is followed by significant increase to its highest price to around $2400 by 2021.
In 2013, the price of gold was above $1500 and remained static until 2019. In the following year, the closing price slightly rose to $1800, before flattened out again. The price of platinum was about $1500 in 2013 and then decreased to $1000 in 2015. Between 2015 and 2021, the price fluctuated between $800 and $1100 per oz.
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