Prices of palladium and platinum rose on Tuesday, as the tensions mounted between the West and Russia, one of the world's largest producers of the two metals.
The western countries reiterated their support for Ukraine, and the United Kingdom vowed to provide Kiev with more weapons, while Kremlin responded with retaliatory economic measures meant for "unfriendly countries."
Platinum jumped 2.5% to $962.05 per ounce at 8:25 am ET, while palladium soared 3.15% at the same time, going for $2,282.33.
