The prices of precious metals rose on Monday after the release of weaker-than-expected economic data in the United States last week, leaving the commodities again as a safe haven for investors.
According to the country's Institute for Supply Management (ISM), US manufacturing activity declined for the 16th month in a row in February. Additionally, the consumer confidence survey conducted by the University of Michigan indicated a decrease in optimism during the same period.
Gold advanced by 1.54% at 11:17 am ET to sell for $2,115.47 per ounce. At the same time, silver increased by 2.50%, going for $23.75 per ounce. Platinum went up by 1.54% at the same time to go for $900.91 per ounce. One minute later, palladium gained 0.31%, selling for $945.70 per ounce.
