The line graph illustrates the average closing prices of three precious metals—
gold
, Use synonyms
platinum
, and Use synonyms
palladium
—between 2013 and 2021, measured in dollars per Use synonyms
ounce
.
Use synonyms
Overall
, Linking Words
palladium
experienced a dramatic and consistent increase over the period, surpassing both Use synonyms
gold
and Use synonyms
platinum
. Use synonyms
In contrast
, Linking Words
platinum
declined Use synonyms
overall
, Linking Words
while
Linking Words
gold
remained relatively stable before rising in the later Use synonyms
years
.
In 2013, both Use synonyms
gold
and Use synonyms
platinum
were valued at approximately $1,500 per Use synonyms
ounce
, Use synonyms
while
Linking Words
palladium
was significantly lower, at around $700. Over the next five Use synonyms
years
, the price of Use synonyms
platinum
steadily declined, reaching a low of just over $800 by 2018. Use synonyms
Gold
Use synonyms
also
saw a moderate drop during Linking Words
this
time, dipping to about $1,100 in 2015, but remained relatively stable between 2016 and 2018.
Linking Words
Palladium
, Use synonyms
on the other hand
, remained largely unchanged until 2016, after which its price began to climb sharply. In 2018, Linking Words
platinum
reached its lowest value at around $800 per Use synonyms
ounce
, Use synonyms
while
Linking Words
gold
remained relatively stable at approximately $1,200. Notably, Use synonyms
palladium
surpassed Use synonyms
platinum
for the first time, marking the beginning of a sharp upward trend that continued through the following Use synonyms
years
. By 2019, it had Use synonyms
also
overtaken Linking Words
gold
. The most significant surge occurred between 2018 and 2020, when Use synonyms
palladium
prices rose to nearly $2,400 per Use synonyms
ounce
, making it the most valuable metal among the three. Use synonyms
This
upward trend continued, albeit at a slower pace, into 2021. Meanwhile, Linking Words
gold
saw a steady increase after 2018, reaching around $1,800 in 2020 and remaining stable Use synonyms
thereafter
. Linking Words
Although
Linking Words
platinum
recovered modestly in the final Use synonyms
years
, it stayed well below the other two metals.Use synonyms