Caixin
Feb 28, 2022 02:10 PM
FINANCE

Commodities From Gold to Grains Rally as Russia Faces Isolation

A one-ounce Britannia gold coin sits on one hundred gram gold bars at Gold Investments in London in July 2020. Photo: Bloomberg
A one-ounce Britannia gold coin sits on one hundred gram gold bars at Gold Investments in London in July 2020. Photo: Bloomberg

(Bloomberg) — Commodities from wheat and gold to aluminum rallied in a jittery start to the week, as traders grapple with a fraught geopolitical environment and an array of supply risks triggered by war in Ukraine. 

Wheat rose near its highest level in more than 13 years on Monday, while aluminum and nickel also surged. Bullion — a haven in times of international tensions — climbed more than 2%.

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