Caixin
Feb 23, 2022 04:29 PM
WORLD

Commodities on Tenterhooks as Investors Await Next Ukraine Twist

A worker handles 12 kilogram gold ingots following automated casting at the Prioksky non-ferrous metals plant in Kasimov, Russia, on Dec. 9. Photo: Bloomberg
A worker handles 12 kilogram gold ingots following automated casting at the Prioksky non-ferrous metals plant in Kasimov, Russia, on Dec. 9. Photo: Bloomberg

(Bloomberg) — Commodities from gold to nickel and wheat took a calmer turn, with investors staying on alert for fresh developments in a Ukraine crisis that threatens to roil global supply chains.

U.S. sanctions on Russia unveiled by U.S. President Joe Biden were presented as a modest “first tranche” of measures and market reaction was muted. Still, any new escalation in the stand-off between Moscow and the West could disrupt global supply chains and add to inflationary pressures.

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