Palladium Price Explodes; Gold Rallies as LBMA Eyes Russian Refineries

Palladium and platinum are spiking to all-time highs, where one of the main contributors of this is the Russian airspace blockade, says Will Rhind, founder & CEO of GraniteShares. “We’ve never canceled a G7 country in the way that Russia is being canceled right now,” he tells our Daniela Cambone, we don’t know the lasting impacts of this new reality. The volatility we had in the beginning of the year was on the heels of upcoming monetary policy, he says. “Gold responds best when there is a fear factor in markets,” which is what’s happening in Ukraine, Rhind observes. Gold has room to go significantly higher than where it is at today, “this is just the beginning,” he concludes.