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Yahoo! Finance: SI=F News
Gold hit a more than one-and-half year high on Thursday as investors sought cover in the safe-haven metal after Russia invaded Ukraine and aggravated supply risks to palladium, powering prices of the autocatalyst to a seven-month high. Palladium climbed 6% to $2,631.95 an ounce at 10:27 am EST (1527 GMT) having hit its highest level since July at $2,711.18 earlier. “As long as the breadth and length of the conflict remains uncertain, I don’t see investors wanting to sell any of these Russia sensitive metals or energy,” said Tai Wong, an independent metals trader in New York.
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