Metal prices are “the biggest driver” of money, according to a new report by the Financial Times.
The report claims the average price of gold, platinum, palladium and palladium has doubled in value since 2008.
“In the past decade, the global price of these metals has risen by around $200bn.
The price of palladium, platinum and gold has also increased by around 50% in the same time period,” the report said.
“There has also been a resurgence of demand for other metals, such as zinc and tin, but this has also come with a price hike.” “
Since the financial crisis, demand for metals has slumped and the price of metals has increased, but demand has also remained high.”
“There has also been a resurgence of demand for other metals, such as zinc and tin, but this has also come with a price hike.”
It said that “a recent spike in the price for gold and platinum has been fuelled by increased demand for these metals” and that “this is also fuelling the growth in demand for palladium”.
The FT said that while the gold price “has remained stable, the price at which metals can be traded has been on a steady rise”.
It added that while palladium prices “have grown steadily in recent months, they have risen more slowly than the other metals” with the increase of gold “mostly being driven by demand for precious metals”.
“The price of zinc has grown by around 10% since 2009.
The prices of pallium, platinum , copper and aluminium have also grown by roughly 10% in that time,” it said.
“While copper and iron have increased over the same period, the prices of those metals have fallen more slowly.”
The FT said: “Palladium prices have soared since the financial meltdown, rising more than 100% since 2008.”
The FT noted that gold’s “value-added” value “has fallen by about 70% since the crisis” and has dropped in value by about 50% since 2014.
“Demand for pallium has also risen, but the decline in the market value of palladies has been less than the decline of gold.”
Demand for silver has also grown, but has also fallen in value compared to the value it was in before the financial crash.
“Pilladium prices are currently at their highest level in 25 years.”
It added: In recent years, metals prices have risen by about $200 billion.
In the past 10 years, the value added of metals increased by $1.5 trillion, but there have also been other increases in the global value of metals.
In total, the combined value of all metals that can be bought and sold has increased by over $10 trillion since 2008, according a report by Goldsmiths, the UK’s largest goldsmith.
“The value of gold and other precious metals has been growing steadily in the past few years, but they have declined more slowly, and have been more closely linked to the cost of metals,” the FT said.