The line graph illustrates the average closing costs of chosen high-value metals between 2013 and 2021.
Overall, palladium skyrocketed from the lowest price to the highest price metal, overpassed the others. In contrast, platinum had lost its value throughout the period. It went down from the highest fetch to the lowest when compared to palladium and gold.
At the beginning of the given period, palladium cost around 750 dollars per oz. Its price remained relatively stable until 2016. The metal value experienced a high jump from 2016 to the end of the period which went up to almost 2500 dollars per oz at its peak. Its cost surpassed platinum’s in the mid-2017 and gold’s in the late-2019.
Gold and platinum had the prices at approximately 1500 dollars each oz in 2013. But platinum value decreased throughout the year and reached its lowest at under 1000 dollars per oz. On the other hand, the cost of gold witnessed a small fluctuation at around 1250 dollars per oz from the beginning of the period to 2018. Its cost started to rise in 2018 and plateaued at about 1750.