The prices of precious metals rose on Monday as the conflict between Russia and Ukraine continued to impact the economy around the world. The growth followed a decline of the euro registered the week before and Bank of Japan (BoJ) Governor Haruhiko Kuroda's warning of a potential decrease of the yen.
Meanwhile, Bank of Russia Governor Elvira Nabiullina spoke about the effect of the international sanctions on her country's economy, while stressing that the reserves kept in gold are not subject to the risks of such measures.
The price of gold went up by 1.02% at 5:23 am ET to sell for $1,993.59 per ounce. A minute later, silver advanced by 1.05% to go for $25.93 per ounce. At the same time, palladium increased by 1.58%, selling for $2,401.93 per ounce. Meanwhile, platinum gained 1.24% at 5:16 am ET to go for $1,007.12 per ounce.
