The line graph displays the average closing rates of three valuable metals between 2013 and 2021.
Overall, the closing price of Gold remained relatively stable with only a slight increase towards the end of the named period. Conversely, Platinum saw a steady decline throughout the years. Palladium, on the other hand, witnessed a sharp rise in its closing rates, making it the most valuable of the three metals.
In 2013 Gold’s closing price was at almost $1500 per ounce. It stayed at the same level, with only minor fluctuations until 2019. In the following year Gold increased to approximately $1800 per ounce and plateaued in 2021. Platinum saw a gradual decrease in its rate, starting out at $1500 per ounce in 2013, then falling down to just under $1000 per ounce. In 2021 the rate only slightly increased to approximately $1200 per ounce.
Palladium had the lowest rate of the three metals in 2013, at about $800 per ounce. It showed some fluctuation between 2014 and 2016, before a dramatic surge, going up from around $600 per ounce in 2016 to almost $2200 per ounce in 2020. The price increased to approximately $2400 per ounce in 2021.