From stocks to gold, investors resort when fear dominates the markets. It is also considered an insurance against inflation. They also strengthen other precious metals such as silver and palladium.
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US stock indices continue to decline today. Concerns about higher interest rates are helping them down – markets expect the US Federal Reserve (Fed) to raise interest soon due to inflation, which rose to 7.5 percent in January, the highest since February 1982. The stock also weakens warnings Of the United States that Russia could create a surprising excuse for an attack on Ukraine.
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Palladium sold at the most expensive price in two weeks on Monday. Russia is one of the largest producers of palladium in the world. According to Société Générale, the armed conflict with Ukraine could lead to sanctions on its exports, and thus dramatically reduce the global availability of this metal, which is especially important for the chemical industry.
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The price of palladium fell by 22.2 percent last year and recorded its first decline in six years. Gold weakened by almost four percent last year, the most since 2015.
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