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Gold crosses the $2000 barrier for the first time in a year and a half
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On Monday, gold prices rose to the level of $2,000 for the first time in a year and a half, as investors rushed to the safety of the metal in the wake of the escalating Russia-Ukraine crisis, while fears of supply disruptions sent palladium to an all-time high.
Spot gold was up 0.9% at $1,986.83 an ounce, as of 03:30 GMT, after hitting its highest since August 19, 2021 at $2000.69 earlier in the day.
US gold futures rose 1.3 percent to $195.00.
Palladium rose 4.3 percent to $3,130.16 an ounce, after hitting an all-time high of $3,172.22 earlier in the session.
Spot silver rose 0.4% to $25.76 an ounce, while platinum jumped 2% to $1,143.47.
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