Gold tops $2,000 for first time since March 2022

Spot gold went over the $2,000 per ounce mark on Monday for the first time in over 12 months as recession fears continued to grip global markets. Investors opted for the safety that the yellow metal provides even after several major central banks announced action to support global liquidity.

Gold increased by 1.24% to $2,007.92 per ounce at 3:45 am ET today. Silver gained 0.14% and reached $22.57 per ounce at the same time.

Platinum declined 0.57% to $973 per ounce at 3:45 am ET. Palladium decreased by 0.77% to $1,397.94 per ounce a minute later.