Gold prices surge above $2,000 as war rages in Ukraine

The price of gold has soared to its highest level since the height of the pandemic as investors flock to the safe-haven asset amid war in Europe.

Gold was punching above $2,000 on Monday morning as the war in Ukraine continues into its second week. The prices of gold and other precious metals have been rising steadily as the region becomes more entrenched in the conflict. Gold was trading at about $1,795 at the start of the month, representing an 11.4% increase.