Precious Metal Prices

Monthly prices since 1960. The two great bull markets, the 1970s after the dollar left gold convertibility and the post-2000 run, dwarf everything in between. Silver is plotted on its own axis because it trades in tens of dollars against gold's thousands.

The divergence between monetary and industrial precious metals. Gold answers to real rates and central bank demand, while platinum and palladium answer to autocatalyst demand, which ties them to internal-combustion vehicle production and leaves them structurally exposed to electrification.

The window where all four have continuous data, covering the financial crisis, the 2011 precious metals peak, the palladium squeeze and its subsequent collapse.

Monthly gold against the 10-year TIPS yield, from 2003 when the yield series begins. From 2003 to 2021 the two moved inversely at a correlation of -0.91. Since 2022 they have risen together at +0.42.

Quarterly net gold purchases by central banks and other official institutions, in tonnes. Official-sector buying jumped in 2022-Q3 and stayed elevated: 1,082t, 1,051t, 1,092t and 863t annually through 2025. Q1 2026 was revised to 57t; Q2 recovered to 289t.

Monthly gold against the Fed's broad trade-weighted dollar (DTWEXBGS), from 2006 when the index begins. Pearson on levels is +0.29 from 2006 to 2021 and -0.10 after 2022, pulled around by gold's long uptrend.

Tonnes of gold held in physically backed ETFs worldwide. Holdings peaked at 4,171t in February 2026 and stood at 4,068t at the end of July.

Annual average platinum dollars per ounce divided by gold dollars per ounce, from the World Bank Pink Sheet. Platinum spent most of the postwar era above gold when autocatalyst demand was tight, then slipped below it as that industrial bid faded.

Annual average palladium over platinum, from 2007 when the palladium Pink Sheet series is continuous. The ratio rose above 1 in the gasoline-catalyst squeeze, then collapsed as substitution and the electric-vehicle transition cut palladium's unique bid.

IMF staff estimate of gold's share of total reserve assets, not the COFER currency mix, which excludes gold. The rise from 10% in January 2019 to over 22% by August 2025 is mostly price revaluation of existing holdings, not an equal jump in tonnes bought.

LBMA vaulted gold and silver in London, plus the January 2021 gold record. These are custody stocks in one market, not world above-ground inventories, and they move with ETF flows, lease rates and how much metal is sitting in London versus elsewhere.