Catalog year: 2019
The global market for metals, investment coins, and bullion in 2019 was characterized by both successes and disappointments.
In 2019, the price of gold increased significantly, due to geopolitical tensions and trade wars, particularly between the United States and China, and monetary easing by central banks worldwide. Investors saw gold as a safe haven amid global economic uncertainty, leading to significant capital inflows into gold ETFs (exchange-traded funds).
Central banks from various countries continued purchasing gold to increase reserves, with Russia and China being particularly active. Additionally, there was a decline in demand for gold from the jewelry industry in Asian countries like India, due to increased taxes on gold.
Silver prices also showed an increase, although it was more moderate compared to gold. Demand for investment silver coins and bullion increased, especially in North America and Europe. Silver's price is heavily dependent on industrial demand, which remains volatile due to economic uncertainty and weak growth in some sectors.
The price of palladium reached a new historical high in 2019 due to high demand from the automotive industry and limited supply. Platinum's price remained under pressure due to falling demand for diesel cars in Europe and oversupply on the market.
The rise in premiums for physical gold and silver, against the backdrop of high demand and low liquidity, disappointed some investors. High taxes on precious metals in certain jurisdictions, like India, also had a negative effect on the market- The year 2019 became a year of contrast on the precious metals market. It is remembered in many ways as a successful period for gold and palladium, but silver showed mixed results, and platinum remained under pressure.
In 2019, the price of gold increased significantly, due to geopolitical tensions and trade wars, particularly between the United States and China, and monetary easing by central banks worldwide. Investors saw gold as a safe haven amid global economic uncertainty, leading to significant capital inflows into gold ETFs (exchange-traded funds).
Central banks from various countries continued purchasing gold to increase reserves, with Russia and China being particularly active. Additionally, there was a decline in demand for gold from the jewelry industry in Asian countries like India, due to increased taxes on gold.
Silver prices also showed an increase, although it was more moderate compared to gold. Demand for investment silver coins and bullion increased, especially in North America and Europe. Silver's price is heavily dependent on industrial demand, which remains volatile due to economic uncertainty and weak growth in some sectors.
The price of palladium reached a new historical high in 2019 due to high demand from the automotive industry and limited supply. Platinum's price remained under pressure due to falling demand for diesel cars in Europe and oversupply on the market.
The rise in premiums for physical gold and silver, against the backdrop of high demand and low liquidity, disappointed some investors. High taxes on precious metals in certain jurisdictions, like India, also had a negative effect on the market- The year 2019 became a year of contrast on the precious metals market. It is remembered in many ways as a successful period for gold and palladium, but silver showed mixed results, and platinum remained under pressure.
| Metal | Average Closing Price | Year Open | Year Low | Year High | Year Close | Annual % Change |
|---|---|---|---|---|---|---|
| Silver (XAG) | $16.22 | $15.65 | $14.32 | $19.55 | $17.9 | 15.36% |
| Gold (XAU) | $1393.34 | $1287.2 | $1270.05 | $1542.6 | $1523 | 18.83% |
| Palladium (XPD) | $1518.99 | $1198.8 | $1198.8 | $1963.6 | $1909.3 | 59.48% |
| Platinum (XPT) | $868.04 | $804 | $786.6 | $984.2 | $976.52 | 22.12% |
* The table shows the average prices for the year based on stock exchange data for 1 ounce of metal.
Price guide:
