Open Demo Account
Home / Market Update / Commodities / Precious Metals Give up Gains After Biden Announces Sanctions on Russia

Precious Metals Give up Gains After Biden Announces Sanctions on Russia

Adel 25 February, 2022 10:30 am Commodities, Forex Market, Market Update

Precious metals gave up gains, gold fell below $1,900 an ounce and palladium fell more than 5% as stocks rebounded after US President Joe Biden unveiled tough new sanctions against Russia on Thursday.

And the price of gold in spot transactions fell 0.6 percent to $ 1895.76 an ounce, after earlier touching its highest level since September 2020 at $ 1973.96.

Palladium fell 4.3 percent to $2,375.02, after hitting its highest level since July at $2,711.18 earlier in the session.

Platinum fell 3.4 percent to $1,054.80, after climbing to $1,126.18. Silver fell 1.7 percent to $24.10.

Tags

Check Also

How Dollar Dynamics React with U.S.-China Trade Talks

The U.S. Dollar is navigating choppy waters as trade negotiations with China take center stage. …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends