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The image displays a line graph titled 'Precious metals price history' showing the average closing price in $ per oz. for three metals from 2013 to 2021. Gold prices ($ per oz.) were: 2013 ~$1400, 2014 ~$1250, 2015 ~$1150, 2016 ~$1250, 2017 ~$1250, 2018 ~$1250, 2019 ~$1400, 2020 ~$1750, and 2021 ~$1780. Platinum prices ($ per oz.) were: 2013 ~$1500, 2014 ~$1380, 2015 ~$1050, 2016 ~$980, 2017 ~$950, 2018 ~$880, 2019 ~$880, 2020 ~$900, and 2021 ~$1100. Palladium prices ($ per oz.) were: 2013 ~$720, 2014 ~$800, 2015 ~$680, 2016 ~$600, 2017 ~$850, 2018 ~$1050, 2019 ~$1500, 2020 ~$2200, and 2021 ~$2400.
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The graph illustrates the mean closing prices of gold, platinum and palladium between 2013 and 2021.
Overall, the price of platinum decreased, while gold and palladium experienced an increase throughout the period. The palladium became the most valuable metal among other types.
In 2013, platinum cost accounted for relatively the largest amount, at around 1500$ per oz. This figure then dropped to about 1100$ in 2015, then it declined moderately by 2020, before rising to just over 1000$ in 2021.
Conversely, the value of the gold and palladium climbed. At the start of period the cost of palladium was the lowest (approximately 650$). In 2016, however, the price of palladium decreased to nearly 550$. Subsequently, by 2021, palladium soared to 2400$, reaching a peak. Likewise, the figure for gold declined from roughly 1400$ to 1200$, then increased gradually to around 1800$ by 2020, and maintained the same level in 2021.
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