The war in Ukraine intensifies, and this last Monday, March 7, metals such as gold and the copper they have accumulated new price gains in the face of the general advance due to a fear in the supply of these and the sanctions on Russia.
The gold futures rose above $2,000 an ounce for the first time in more than 18 months, and investors rushed into the safe-haven metal; Meanwhile he copper and palladium reached all-time highs.
The ton of copper It reached the historical price of 10,845 dollars on the London Metal Exchange (LME) and surpassed the mark obtained on May 10, 2021, before reaching US$ 10,777.
It should be noted that the prices of LME once rose above the highest point recorded in October at $10,600/mt.
The cost of palladium also jumped because Russia it accounts for around 40% of all mined production of the metal which is used primarily in catalytic converters.
Meanwhile, the price of a barrel of North Sea Brent oil touched $140 on Sunday night, close to its all-time high of $147.5 set in July 2008.
With information from AFP, Reuters and Bloomberg.
Source: Larepublica
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