Gold at the highest level since August 2020

Gold climbed to a high of more than 18 months on Monday as investors continued to turn to the precious metal, which is considered a safe haven amid the worst crisis in Western-Russian relations since the end of the Cold War.

In particular, the April delivery of gold added $ 29.30, or 1.5%, to close at $ 1,995.90 an ounce. This is the highest level since August 17, 2020.

At the high of the day, gold climbed to $ 2,007.50.

The silver closed with small losses, with the May contract losing 7 cents or 0.3% at $ 25.72 per ounce. The precious metal strengthened earlier to $ 26.37, which is the highest level since July 2021.

Copper plunged, with the May contract falling 4.2% to $ 4,731 a pound. As for the rest of the metals, April platinum closed with small losses of 0.1% at $ 1,116.60 per ounce, while palladium in June lost 2.7% to $ 2,901.90 per ounce after closing at new record on Friday.