(The third paragraph will be corrected from “August 2021” to “August 2020” by correcting the English text.)
[Archyde.com]–The spot price of gold rose to the $ 2000 level per ounce for the first time in a year and a half on the 7th. Due to the tightening situation in Ukraine, funds are flowing in for a safe haven.
Palladium also hit the highest price due to supply instability.
As of 0330 GMT (0:30 pm Japan time), the spot price of gold is up 0.9% to $ 1986.83. At one point, it rose to $ 2000.69, the highest since August 19, 2020.
Palladium is up 4.3% to $ 3130.16 an ounce. At one point, it rose to a high of $ 3172.22. Russia accounts for 40% of the world’s palladium production.
“There is a lot of concern about the situation in Ukraine. There are signs that the conflict will grow,” said lya Spivak, a foreign exchange strategist at Daily FX. Said that.