Gold prices rise to the highest level in more than a month

Gold prices rose on Monday to touch their best level since mid-March after the Russian-Ukrainian crisis pushed investors to safe haven.

And the price of gold in spot transactions rose 0.5 percent to $ 1984.20 an ounce its highest level since March 14. And US gold futures rose 0.8 percent to $ 1990.20.

Monday’s rise comes after gold achieved its second consecutive weekly gain. Most markets were closed on Friday for a holiday.

Yields on the benchmark 10-year US Treasury bond rose to their highest since December 2018.

Meanwhile, China is expected to report a sharp deterioration in economic activity in March as the COVID-19 outbreak and shutdowns hit consumers and factories, although growth in the first quarter may have rebounded due to a strong start early in the year.

The price of silver in spot transactions rose 0.5 percent to $ 25.80 an ounce, the price of platinum rose 0.8 percent to $ 997.50 and the price of palladium rose 1.1 percent to $2393.67.