Prices of gold and palladium have increased after the Russian invasion of Ukraine, driven by supply concerns and investors seeking out a safe haven in the yellow metal.
On Feb. 24, palladium reached its highest price level since August 2021, currently trading at $2,636 per ounce. Meanwhile, spot gold reached a peak of $1,973.96, its highest level since September 2020. It’s currently trading at around $1,937 per ounce.
