Gold prices rose during Monday's trading, with traders increasing demand for the yellow metal in light of the uncertainty in Ukraine, and despite the US Federal Reserve's plan to implement Bold measures to combat inflation led to a limitation of gold's gains.
So far, no positive signs have emerged regarding the end of the Russian invasion of Kyiv; All negotiations between the Russian and Ukrainian sides failed and did not make any significant progress, even if it was a ceasefire and a truce to take a breath. Which contributed to the return of gold and oil prices to rise again.
The price of gold in spot transactions rose 0.2% to $ 1925.46 an ounce by 3:16 GMT, while the US gold futures fell 0.2% to $ 1925.80.
Palladium rose 2.8% to $2,561.25 an ounce. Palladium rose to a record $3,440.76 on March 7, driven by fears of supply disruptions from Russia, the largest palladium producer.
The price of silver in spot transactions rose 0.4% to $25.04 an ounce, while platinum rose 0.8% to $1,029.65.
