Palladium jumped to a record high on Monday, while gold hit the critical level of $2,000 per ounce, as concerns over the Russia-Ukraine conflict pushed investors towards safe-haven assets.

FUNDAMENTALS

• Palladium gained 5.7% to $3,172.19 per ounce, as of 0158 GMT, after hitting an all-time high at $3,172.22 earlier in the session.
• Russia accounts for 40% of global production of the auto-catalyst metal used by automakers in catalytic converters to curb emissions.
• Fighting stopped about 200,000 people from evacuating the besieged Ukrainian city of Mariupol for the second day in a row on Sunday, as Russian President Vladimir Putin vowed to press ahead with his invasion unless Kyiv surrendered.
• Netflix, a global streaming entertainment service, top accounting firms KPMG and PwC and financial services firm American Express on Sunday cut ties with Russia as Ukraine’s conflict escalated.