The given line graph presents the average closing prices of selected precious metals, namely gold, platinum, and palladium, over the period from 2013 to 2021.
Overall, palladium exhibited a remarkable surge in price, emerging as the highest-priced metal by the end of the period, while platinum experienced a decline in value over the same period. Gold, on the other hand, depicted relatively stable pricing with a modest increase towards the latter part of the period.
Palladium commenced the period with a price of approximately 750 dollars per ounce, holding steady until 2016, after which it saw a substantial increase, reaching almost 2500 dollars per ounce at its peak by the end of the period. Notably, palladium surpassed platinum’s price in 2017 and gold’s in 2019. Conversely, platinum and gold started at around 1500 dollars per ounce in 2013. While platinum declined to below 1000 dollars per ounce, gold maintained a relatively stable price around 1250 dollars per ounce until 2018, when it started to rise and eventually plateaued at about 1750 dollars per ounce.
The second period saw platinum experiencing a considerable decrease in value from the outset, declining from the highest price among the three metals to the lowest, compared to palladium and gold. On the other hand, gold displayed a relatively stable pricing trend from the beginning of the period until 2018, followed by a moderate increase leading to a price of approximately 1750 dollars per ounce by the end of the period.