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Barchart
Barchart
Andrew Hecht

INSANE: Q1 2023 and beyond precious metals - The Real Truth

Gold silver United States Comex Nymex Russia

In a January 3, 2023, Barchart article, I highlighted the price action in the precious metals sector in Q4 2022 and 2022. Gold, silver, and platinum prices rose in Q4, while palladium futures and rhodium prices declined. The precious metals sector rose 10.48% in the final quarter of 2022 and posted a 1.99% gain for the year. 

In Q1 2023, gold was the upside leader, with silver edging marginally higher. However, platinum, palladium, and rhodium prices moved to the downside as the PGMs weighed on the sector. 

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