Palladium jumped on Tuesday on concerns that Western sanctions against Russia over its invasion of Ukraine could damage supplies, as the conflict also sent safe-haven gold prices higher.<\/p>\n\n\n\n
By 1043 GMT, palladium rose 3.6 percent to $2,577.38. It had reached its highest level since July 2021 at $2,711.18 last week.<\/p>\n\n\n\n
Russia is the largest producer of palladium, and Moscow-based Nornickel’s production accounted for 40 percent of global mining production of the metal last year.<\/p>\n\n\n\n
And gold rose in immediate transactions 0.7 percent to $ 1,921.90 an ounce. And US gold futures rose 1.2 percent to $ 1923.30.<\/p>\n\n\n\n
Gold, considered a safe store of value during political and financial uncertainty, rose 6.5 percent in February and hit an 18-month high of $173.96 last week.<\/p>\n\n\n\n
For other precious metals, silver rose in spot transactions 0.8 percent to $24.62 an ounce, while platinum rose 1.2 percent to $1,055.50.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Palladium jumped on Tuesday on concerns that Western sanctions against Russia over its invasion of Ukraine could damage supplies, as the conflict also sent safe-haven gold prices higher. By 1043 GMT, palladium rose 3.6 percent to $2,577.38. It had reached its highest level since July 2021 at $2,711.18 last week. Russia is the largest producer …<\/p>\n","protected":false},"author":9,"featured_media":61079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[7156,6885,6874,7238,6987,8143,8854,8168,7628,8350,6871,7624,8793,8977,6909],"class_list":["post-61110","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-brent","tag-fed","tag-gold","tag-goldman-sachs","tag-inflation","tag-interest-rate-hikes","tag-russian-invasion-of-ukraine","tag-safe-haven","tag-stagflation","tag-supply-disruption","tag-usd","tag-volatility","tag-war","tag-world-gold-council","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=61110"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61110\/revisions"}],"predecessor-version":[{"id":61111,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61110\/revisions\/61111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61079"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=61110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=61110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=61110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}