decreased gold prices Friday, February 25, slightly increased following prices increased to an 18-month high before dropping at the close following the Russian invasion of Ukraine, while supply concerns from Russia supported palladium prices.
And gold prices in immediate transactions fell 0.4% to $ 1894.76 an ounce, which is heading towards the fourth week of gains.
US gold futures fell 1.4 percent to $1,898.50 an ounce.
The price of gold, which is a safe haven asset, rose more than 3% to $ 1973.96 an ounce following Russia’s land, sea and air attack on Ukraine yesterday, Thursday, before dropping below the level of $1,900 an ounce.
Palladium prices rose 0.6% to $2,415.68 per ounce, recording a rise for the third consecutive week.
The metal touched $2,711.18 an ounce on Thursday, its highest since July, as investors feared potential disruptions to production from Russia, a major producer of palladium.
Spot silver fell 0.3% to $24.13 an ounce.
Platinum fell 0.4% to $1,053.09 an ounce.
