An employee arranges gold bars at the YLG Bullion International Co headquarters in Bangkok. ― Bloomberg
BENGALURU: Gold prices scaled the $2,000 level for the first time in 1-1/2 years, as investors rushed to the safety of the metal in the wake of an escalating Russia-Ukraine crisis, while supply disruption fears sent palladium to an all-time high on Monday.
Spot gold was up 0.5% to $1,977.89 per ounce, as of 0620 GMT, after scaling its highest since Aug. 19, 2020 at $2,000.69 earlier in the day. U.S. gold futures rose 0.9% to $1,984.40.
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