The line graph illustrates the average closing prices of gold, platinum, and palladium between 2013 and 2021, measured in dollars per ounce.
Overall, gold and platinum began at similar levels but moved in opposite directions, with gold rising steadily after 2015 while platinum declined before making a slight recovery. In contrast, palladium, which started as the cheapest metal, experienced a dramatic surge and ended the period as the most expensive.
In 2013, both gold and platinum stood at around $1,400 per ounce. Over the next two years, their prices fell, with platinum dropping more sharply to about $1,000, while gold declined only slightly to $1,100. Between 2016 and 2018, gold recovered to around $1,300, whereas platinum continued its downward trend, reaching a low of $800. From 2018 onward, gold saw its strongest growth, peaking near $1,800 in 2020 before stabilising, while platinum remained almost unchanged until 2020 and then rose modestly to $1,100 in 2021.
Palladium showed the most dynamic movement. After starting at $700 in 2013, it fell to around $600 by 2016. However, from that point onwards, its price increased consistently, overtaking platinum in 2017 and gold in 2018. The steepest growth occurred between 2018 and 2020, when its value more than doubled, reaching approximately $2,200, before climbing further to about $2,400 in 2021.