Gold futures closed higher on Wednesday (Sept. 21), driven by investors buying gold as a safe haven after Russian President Vladimir Putin announced a mobilization of troops to escalate the war with Ukraine.
- The gold futures were up $4.6, or 0.28%, at $1,675.7 per ounce.
- Silver futures were up 29.7 cents, or 1.55%, at $19.48 an ounce.
- The platinum contract was down $6.8, or 0.74%, at $916 an ounce.
- The palladium was down $47, or 2.2%, at $2,123.50 an ounce.
Russian President Vladimir Putin yesterday announced the mobilization of 300,000 troops to escalate the war with Ukraine. It was the first mobilization of Russian troops since the Second World War.
The report said Russians poured out of the country in droves after the mobilization was announced. Citizens are concerned that the government may impose a ban on able-bodied men leaving the country or call up more conscripts. This led to Russians flocking to the Aviasales website to buy airline tickets and leave the country.
The Spot Market is Open
Thursday, September 22, 2022
| Metals Updated at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 11.00 | 1,660.70 1,661.70 | -13.00 -0.78% | 1,656.50 1,674.80 |
| Silver 11.00 | 19.35 19.45 | -0.20 -1.05% | 19.23 19.65 |
| Platinum 11.00 | 902.00 912.00 | -6.00 -0.66% | 898.00 919.00 |
| Palladium 10.00 | 2,074.00 2,224.00 | -16.00 -0.77% | 2,070.00 2,230.00 |
| Rhodium 05.00 | 12,500.00 14,500.00 | 0.00 0.00% | 12,500.00 14,500.00 |