The yellow metal is trading at an increase of about 0.50% in the middle of the trading session of the European session today, Thursday, March 24th, and before the opening of the American markets, by trading at levels of 1954 dollars per ounce, rising for the second session in a row, to trade at its highest level since March 15th, recovering the levels of 1950 dollars per ounce.

Gold is trading between the hammer of the safe haven and the anvil of rising inflation and the interventions of central banks to raise interest rates to limit the continued rise in inflation, and accordingly we are witnessing a state of fluctuation in the past period between the decline and the rise.

Markets have witnessed a decline in risk appetite since the US session yesterday, Wednesday, amid anticipation of the meeting of US President Joe Biden and the North Atlantic Treaty Organization known as NATO in Brussels, which kicks off today in an extraordinary summit to discuss the repercussions of the Russian-Ukrainian war and the imposition of new sanctions on Russia.

The strict expectations of the Federal Reserve to raise interest rates quickly limited and greatly reduced the rise in gold, as the yellow metal is strongly affected by the interest rate hikes that raise the opportunity cost of holding bullion.

Silver is trading at levels of $25.14 an ounce, up by 0.31%, after gains that exceeded 1% yesterday, Wednesday.

Platinum is trading down by about 0.15% at levels of 1018 dollars, while palladium rises by about 0.80% when it is trading at levels of 2.531 dollars.