The Ukraine Russia conflict has driven up the prices of gold and palladium, as well as palladium powder and silver palladium slurry

Ukraine Russia conflict drives gold and palladium powder Silver palladium pasteOn February 25th, the price of gold rose to a peak of $1918 per ounce in the morning, and some of the gains were given up at the opening of the European market, currently around $1900 per ounce. Other precious metals were also affected by the conflict and rose strongly in the US and Asian markets yesterday. After the opening of the European market, precious metal prices slightly fell back. Goldman Sachs pointed out that if the West imposes large-scale sanctions on Russia, this situation will further deteriorate, and there is still greater room for gold to rise. If ETF demand increases, gold prices may rise to $2350 per ounce; If Russia restricts the export of precious metals, any interruption of palladium, which is already in a market shortage state, will drive up prices. Yesterday's price increase has exceeded $100; The price of rhodium has also been continuously rising recently, as Russia mines and exports 2.5 tons of rhodium annually.