Catalog year: 2022
In 2022, the global market for metals, investment coins, and bullion saw significant fluctuations and changes due to a number of global factors.
The volatility of gold prices was noticeable throughout the year, with prices peaking at around $2,070 per ounce in March 2022 amid the outbreak of conflict in Ukraine and related geopolitical risks. This was followed by a decline in prices in the second half of the year due to the strengthening US dollar and increase in interest rates by the Federal Reserve. The average price of gold was around $1,800 per ounce, while central banks, particularly China and Russia, significantly increased their gold holdings.
Silver prices also experienced volatility, correlated with movements in gold, averaging between $21 and $22 per ounce. Demand for industrial silver, especially for solar panel and electronics production, remained strong.
Platinum prices have remained relatively stable throughout the year, averaging around $950-$1,000 per ounce. Palladium saw a significant increase in the first half of the year, reaching the $3,000 mark per ounce due to concerns about Russian supplies, a key producer of the metal. Later, prices settled at around $2,200-$2,500.
Mints in many countries reported increased demand and sometimes faced shortages, leading to an increase in premiums for physical coins compared to the spot price. Under conditions of high inflation and economic uncertainty, interest in precious metals as a reliable asset has increased.
The volatility of gold prices was noticeable throughout the year, with prices peaking at around $2,070 per ounce in March 2022 amid the outbreak of conflict in Ukraine and related geopolitical risks. This was followed by a decline in prices in the second half of the year due to the strengthening US dollar and increase in interest rates by the Federal Reserve. The average price of gold was around $1,800 per ounce, while central banks, particularly China and Russia, significantly increased their gold holdings.
Silver prices also experienced volatility, correlated with movements in gold, averaging between $21 and $22 per ounce. Demand for industrial silver, especially for solar panel and electronics production, remained strong.
Platinum prices have remained relatively stable throughout the year, averaging around $950-$1,000 per ounce. Palladium saw a significant increase in the first half of the year, reaching the $3,000 mark per ounce due to concerns about Russian supplies, a key producer of the metal. Later, prices settled at around $2,200-$2,500.
Mints in many countries reported increased demand and sometimes faced shortages, leading to an increase in premiums for physical coins compared to the spot price. Under conditions of high inflation and economic uncertainty, interest in precious metals as a reliable asset has increased.
| Metal | Average Closing Price | Year Open | Year Low | Year High | Year Close | Annual % Change |
|---|---|---|---|---|---|---|
| Silver (XAG) | $21.76 | $22.81 | $17.83 | $26.9 | $23.96 | 2.64% |
| Gold (XAU) | $1801.87 | $1800.1 | $1626.65 | $2043.3 | $1824.32 | -0.23% |
| Palladium (XPD) | $2061.06 | $1826 | $1592 | $2981.9 | $1719 | -10.1% |
| Platinum (XPT) | $958.06 | $954 | $829 | $1153.2 | $1069 | 10.68% |
* The table shows the average prices for the year based on stock exchange data for 1 ounce of metal.
Price guide:
