Gold Hits Highest Level in Over a Month

Gold prices have reached their best level since mid-March amid the ongoing Russia-Ukraine crisis, which has driven investors towards safe havens. In early Asian trading, spot gold rose by 0.5% to $1,984 an ounce, the highest since March 14. This increase on Monday follows gold's second consecutive weekly gain. Most markets were closed on Friday for the holiday. U.S. gold futures increased by 0.8% to $1,990.20. Regarding other precious metals, silver's spot price rose 0.5% to $25.80 an ounce, while platinum increased by 0.8% to $997.50, and palladium rose 1.1% to $2,393.67. It is noteworthy that the yield on U.S. 10-year Treasury bonds has reached its highest level since December 2018.