“Palladium steadies from record high on Ukraine crisis”
March 8, 2022
“Palladium briefly reached a record high on Monday amid fears of supply disruptions in the wake of an escalating Russia-Ukraine crisis.
Spot gold rose 1.5% to $1,997.91and briefly scaled the $2,000 mark, an all-time high since Aug. 19, 2020. U.S. gold futures rose about 1.77% to $2,001.40.
“Gold will likely find some heavy traffic around the $2,000 level initially, but once it is cleared, assuming no change in the Ukraine situation, it will quickly move to the $2,100 region and on to new all-time highs,” said OANDA senior analyst Jeffrey Halley…”
https://www.cnbc.com/2022/03/07/gold-markets-palladium-russia-ukraine-crisis.html