The graph below shows the average closing prices of selected precious metals from 2013 to 2021.
The line graph illustrates the historical
price
changes of precious metals from 2013 to 2021.
Overall
, the price
changes of all categories levelled off in the initial years of the period given and went up at the end
. Despite having the lowest starting price
among other precious metals, palladium surpassed the value of both gold and platinum in the final four years.
With regards to the selling price
of gold in 2013, it started at just below $1,500. This
number fell slightly to around $1250 in 2014 and remained stable until 2019 before reaching its peak in 2020 at approximately $1750. The figure plateaued at that level in the final year of the given period. Meanwhile, the value of platinum started at $1,500 and dropped to just below it in 2014. The number plunged to roughly $1000 and hovered around that level for the remainder of the time.
On the other hand
, the price
changes for palladium fluctuated by half and ¾ of a thousand between 2013 and 2016. Starting in 2016, the figure witnessed a steady annual rise to $ 1,000 in 2018 before soaring dramatically to more or less $ 2,250 in 2020. The number culminated at just below $2500 in 2021, the highest in any category in any year.Submitted by 2024successielts on
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