Prices of precious metals increased on Monday as four countries from the Group of Seven (G7) reportedly plan to announce a ban on imports of gold from Russia. Moscow's revenues would decrease by $19 billion per year when such a measure is imposed, according to United States Secretary of State Antony Blinken.
Gold rose by 0.46% to $1,834.85 per ounce at 6:32 am ET.
Silver advanced 0.97% to $21.36 per ounce concurrently. Platinum was up 0.67% to $917.38 per ounce at 6:32 am ET. Palladium increased 0.69% to $1,896 per ounce a minute later.
