Gold futures hit a three-month high on Monday (Feb. 14) as investors continued to buy gold as a safe haven amid concerns over tensions in Ukraine and high inflation.
- The gold futures were up $27.3, or 1.48%, at $1,869.4 per ounce.
- Silver futures were up 47.9 cents, or 2.05%, at $23.848 an ounce.
- Platinum was up $9.3, or 0.91%, at $1,028 per ounce.
- The palladium futures rose $152.40, or 7%, at $2,346 an ounce.
Gold futures closed seven straight trading days higher, most recently reaching a three-month high, as tensions in Ukraine continued to fuel safe-haven buying of gold.
Investors remain concerned about tensions in Ukraine after senior U.S. officials warned that Russia could invade Ukraine at any time.
Investors also have expectations meanwhile that the Fed will raise interest rates this year after the United States reported the highest inflation rate in 40 years with good employment numbers.
CME Group’s FedWatch tool indicates a 55% probability that the Fed will raise rates this year, starting in March.
The Spot Market is Open
Tuesday, February 15, 2022
| Metals Updated at | USD Bid/Ask | Ounce Price | Low/High |
| Gold 11.45 | 1,878.10 1,879.10 | +6.80 0.36% | 1,870.30 1,880.60 |
| Silver 11.45 | 23.88 23.98 | +0.06 0.25% | 23.82 24.07 |
| Platinum 11.45 | 1,029.00 1,039.00 | +3.00 0.29% | 1,026.00 1,044.00 |
| Palladium 11.30 | 2,289.00 2,439.00 | -17.00 -0.74% | 2,287.00 2,466.00 |
| Rhodium 06.00 | 16,900.00 18,900.00 | +1,150.00 7.30% | 16,900.00 18,900.00 |