Precious metals see mixed trends as gold hits highest price

Gold prices continued to rise for the fourth consecutive day on Friday, reaching their highest level in over a week.

The increase was supported by growing demand for safe-haven assets amid escalating geopolitical tensions between Russia and Ukraine.

The price of an ounce of gold reached USD 2,688.58, up by USD 19.54, or 0.73 percent.

Similarly, silver prices saw a slight increase, with an ounce priced at USD 30.91, up by USD 0.17, or 0.55 percent, at the same time.

On the other hand, copper experienced a slight decline of 0.45%, with the price per ton dropping to USD 4.08650, a decrease of USD 0.0185.

Palladium prices also fell by 0.24 percent, settling at USD 1,037.53, down by USD 2.5.

Platinum recorded a 0.28 percent decrease, with an ounce priced at USD 965.35, a drop of USD 2.75.