The price of gold is close to a historic high, as more and more investors are turning to this precious metal, which is considered a safe investment as it maintains value in times of crisis.
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In addition to gold, the prices of crude oil, silver, palladium, platinum and gas are also rising.
The price of crude oil has exceeded the level of $ 100, which is a new eight-year high. Oil extraction in Russia is likely to decline due to new sanctions. Canada has announced it will impose sanctions on Russian oil imports, and pressure on the U.S. and other countries to do the same is growing.
Palladium has reached a price that has not been seen for more than six months. Russia is the largest producer of palladium in the world, and exports of this precious metal are likely to have similar problems as crude oil. The same goes for platinum – Russia is the second largest producer in the world, and the price of platinum has reached its highest level for several months.
Sources: Marketwatch, Bloomberg
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