The yellow metal is trading at its highest level in two and a half years, the highest levels of the two thousand dollars, in the middle of the European session today, Monday, the seventh of March, and before the opening of the US markets, up by about 1.65%, or $ 32, its highest level since August 2020, benefiting from its status as one of the most important safe-haven tools while silver rises By about 1.30%, it is trading at levels of $26 an ounce, its highest level since July of last year.

The yellow metal has benefited since the beginning of the Russian-Ukrainian war, the ongoing fighting between the two sides, the rise in tensions and sanctions imposed on Russia from the West, and the absence of any signs of their end, as President Putin pledged to move forward in his war until Kyiv surrenders.

Analysts in many investment banks expect gold’s gains to continue as long as this war continues, and for the yellow metal to reach $2100 levels in the first quarter of this year.

On the other hand, the metal palladium recorded increases of more than 12% today, Monday, when it traded at levels of $3,370 thousand, recording a new record high.

Russia possesses the production of palladium, which is used in the manufacture of cyar and dredger transformers, to reduce emissions by about 42%, reflecting the continuous rises in palladium that have continued since the beginning of the crisis, where palladium has risen by more than 40% since the beginning of the year.

Platinum, in turn, is trading at levels of $1500, with an increase of about 2.50%.

Technically, as we mentioned in the following link GOLD – Fayez Al-Ajmi (fayezalajmi-4x.com) that by exceeding 1907 levels, gold will open the horizons for gold to reach new historical goals Now gold gets a thousand points