To better understand the different factors that influence the prices of precious metals, it is also better to anticipate their variations. Here are some elements on the situation of gold, silver, platinum and palladium today.

Gold 

After a sharp rise in the first quarter of 2022, in the wake of the start of the conflict between Russia and Ukraine, the price of gold then fell back sharply. The sell-off has intensified further this month, with the yellow metal losing over 5% in July so far. The almost uninterrupted strength of the dollar has been the main factor weighing on gold, with the dollar index (DXY) near its highest level in two decades. This in turn reflects expectations of the pace of US Federal Bank (FED) policy tightening, which has changed dramatically this year...

Silver

Indian silver bullion imports jumped to 984 tonnes in June, compared to just 12 tonnes in June 2021.

Platinum

The European Union has approved a $5.4 billion hydrogen project to be jointly funded by 15 EU countries and 35 companies.

Palladium

The global light vehicle sales rate (SAAR) increased to 85 million units/year in June 2022, marking the best result for the year so far.