 (1)_LBMA.jpg)
English
German
Ukrainian
Your shopping cart
No products in the shopping cart
801 501 521
- Author of the entry: Mennica Skarbowa
- Date of entry:
March was a month of calm and stability for precious metal prices. The only exception was palladium, whose prices rose by almost 6%. In the case of other precious metals, especially gold, very low volatility can be observed. The market is most likely consolidating in anticipation of a sharp movement. As usual, the only unknown is whether it will be an upward or downward movement.
Gold prices rose slightly in March, by 1.1% from USD 1,579 to $1,597 per ounce. In recent days, prices have remained at around $1,600 per ounce. Returning to the issue of low volatility, in March, the fluctuation channel measured as the difference between the maximum and minimum exchange rates was only $55. In percentage terms, this gives a fluctuation of +/-1.7%. Gold has not had such a calm month since August 2009, when it was resting before another sharp rise (over the next three months, it rose by more than 23%).
The prices of silver and platinum fell slightly, by 1.0% and 1.1% respectively in dollar terms. When calculated in Polish currency, these metals recorded an increase of approximately 1.4%. The aforementioned palladium proved to be the best investment last month. Its price in dollars rose by 5.7%, while in zlotys it rose by as much as 8.3%.
