The rise in gold prices that started last August has continued strongly throughout January, with an increase of 3.3% measured in euros. The Fed's interest rate outlook yesterday significantly raised the price of gold, allowing for a rise towards $1350 per ounce. Since August 2018, the increase in euros is over +10%.
In the same time frame, palladium has made an incredible rise from the $800 level to even surpass the price of gold, briefly exceeding $1400 per ounce. Palladium is currently the most valuable precious metal. Right now, the selling price of palladium per ounce (VAT 24%) is nearing 1700 euros.
