The line chart depicts the estimated market value of selected precious metals, specifically gold, platinum, and palladium, from 2013 to 2021.
Overall, the market rate for gold and palladium increased throughout the given period. The market rate for platinum, on the other hand, decreased in the same period from 2013 to 2021. The rates for gold and platinum were about the same and higher than the rate for palladium at the start of the period, but towards the end, we see that the rate for palladium is the highest, followed by the rate for gold, and finally platinum with the lowest rate among the three.
The market rate for platinum from 2013 to 2015 dropped, going from $1500 to $1000 per ounce, after which it remained stagnant at the same price until 2021. The market rate for gold did not increase or decrease appreciably between 2013 and 2019, at just under $1500 per ounce, after which it peaked in 2020, reaching just under $2000 per ounce, and stabilized at this price until 2021.
The average closing price for palladium between 2013 and 2016 was the lowest of the three metals, going for just over $500 per ounce. However, after 2016, this rate skyrocketed, going from just under $1000 per ounce in 2017 to just under $2000 per ounce in 2021, a higher rate than both of the other metals.