Catalog year: 2021
In 2021, the global market for precious metals, investment coins and bullion was very dynamic and showed several key trends driven by economic, political and social factors.
The price of gold ranged from $1,700 to $1,900 per ounce, with the main drivers of demand being uncertainty in the markets, inflationary expectations, and the economic consequences of the COVID-19 pandemic. Investors actively bought gold as a "safe haven," and central banks continued to diversify their reserves by adding gold to their holdings, with Russia, China, and India among the key buyers.
The price fluctuated around the $25-$30 mark for silver, while a characteristic feature of 2021 was the growth in industrial demand for silver due to developments in green technologies and renewable energy sources.
The price of platinum was less stable, but it generally showed moderate growth due to demand in the automotive industry (for catalysts) and expectations for wider use in the hydrogen economy. Palladium continued to be supported by a high demand from automakers for use in catalytic converters.
Leading mints of the world, such as USA, Canada, Australia, Great Britain and South Africa, have issued popular investment coins, such as American Eagle, Canadian Maple Leaf, Australian Kangaroo and Moon Series, among others.
Geopolitical tensions, such as trade disputes between the US and China and political instability in some regions, support the demand for precious metals as a safe haven asset.
The price of gold ranged from $1,700 to $1,900 per ounce, with the main drivers of demand being uncertainty in the markets, inflationary expectations, and the economic consequences of the COVID-19 pandemic. Investors actively bought gold as a "safe haven," and central banks continued to diversify their reserves by adding gold to their holdings, with Russia, China, and India among the key buyers.
The price fluctuated around the $25-$30 mark for silver, while a characteristic feature of 2021 was the growth in industrial demand for silver due to developments in green technologies and renewable energy sources.
The price of platinum was less stable, but it generally showed moderate growth due to demand in the automotive industry (for catalysts) and expectations for wider use in the hydrogen economy. Palladium continued to be supported by a high demand from automakers for use in catalytic converters.
Leading mints of the world, such as USA, Canada, Australia, Great Britain and South Africa, have issued popular investment coins, such as American Eagle, Canadian Maple Leaf, Australian Kangaroo and Moon Series, among others.
Geopolitical tensions, such as trade disputes between the US and China and political instability in some regions, support the demand for precious metals as a safe haven asset.
| Metal | Average Closing Price | Year Open | Year Low | Year High | Year Close | Annual % Change |
|---|---|---|---|---|---|---|
| Silver (XAG) | $25.14 | $27.36 | $21.49 | $29.42 | $23.35 | -11.55% |
| Gold (XAU) | $1801.87 | $1800.1 | $1626.65 | $2043.3 | $1824.32 | -0.23% |
| Palladium (XPD) | $2388.36 | $2391.2 | $1551.6 | $2981.4 | $1912.1 | -22.08% |
| Platinum (XPT) | $1088.51 | $1071.5 | $894.2 | $1293.1 | $965.84 | -10.44% |
* The table shows the average prices for the year based on stock exchange data for 1 ounce of metal.
Price guide:
