Big UK banks have up to 50% of their total core capital of gross exposure to commodity producers, suppliers, and traders, and to commodity derivatives.
Energy crises and central bank moves to crush inflation present powerful headwinds across markets, underscored by copper’s collapse Friday below $8,000 a ton.
India has raised its basic import duty on gold to 12.5% from 7.5% as the world's second biggest consumer of the precious metal tries to dampen demand and bring down the trade deficit.