Safe-Haven Assets in Demand Amid Escalating Geopolitical Tensions

The price of precious metals experienced a notable climb on Monday, driven by heightened geopolitical tensions, particularly the end of the Assad family's 50-year rule in Syria. This development has significantly increased demand for safe-haven assets.

Syrian President Bashar al-Assad sought refuge in Russia after being displaced from his country's leadership. This move followed significant advances made by insurgent forces into the nation's capital.

The price of gold surged by 1.02% at 6:25 am ET, reaching $2,659.71 per ounce. Silver saw an improvement of 2.14%, trading at $31.66 per ounce at the same time. Platinum increased by 2.19%, selling for $951.74 per ounce a minute later, while palladium traded 1.50% higher at $965.61 per ounce.