The price of spot gold surpassed $2,000 per ounce to hit a 19-month high in dollar terms and surpass August 2020 levels as traders turned to safe-haven assets amid intensifying tensions between Russia and Ukraine.
Ten days ago, Russian President Vladimir Putin launched a military operation in the Donbass, which escalated on Friday, when Moscow seized the city of Energodar, where Europe's largest nuclear power plant is located. The Russian military has made advances in the south, and are gaining in the area of Kherson and Mariupol.
The precious metal went for $1,999.05 an ounce as it jumped 1.61% at 8:56 pm ET, while silver added 1.80% to go for $26.07, with platinum rising 2.42% to $1,148.89 at 8:57 pm ET. A minute later, palladium added 5.42% to reach $3,164,90.
