Gold price approaching record high as Ukraine, inflation risks mount
Soaring oil prices and the Ukraine war have slammed appetite for riskier assets.
Latest Stories
Nickel price surge past $100,000 leaves big short with big trouble
The ferocity of the price action over the last 24 hours speaks to a forced liquidation of positions, a buy-back in a liquidity vacuum, writes Andy Home.
Inflation, volatility from Ukraine war to have impact, says BHP CEO
The company is forecasting 0.5% lower global growth than previously anticipated.
UK chairman of Polymetal among ‘mass exodus’ from Russian firms
Board members at Russian companies, including the British chairmen of gold and silver producer Polymetal, have quit in response to the conflict in Ukraine.
Nickel price surge may have Vale reworking its base metal calculations
Prices have doubled in the past five trading days as intensifying fears over Russian supplies leave buyers exposed to a historic squeeze.
US coal prices soar as war drives commodities rally
Concerns of a looming global shortage of coal are driving up prices in every US region.
London market greenlights Russia’s palladium while blocking its gold
Russia produces 25-30% of the world's palladium, a precious metal used by automakers in exhaust systems to reduce emissions.
Shell stops buying Russian crude as Moscow’s isolation deepens
The West’s moves to punish Russia for invading Ukraine have turbocharged global commodity and energy markets, sending prices soaring and threatening to derail the nascent recovery from the coronavirus pandemic.
Sibanye-Stillwater faces fresh strikes at gold mines
Most unionized workers at the company's Driefontein, Kloof and Beatrix gold mines will go on strike from Wednesday after wage talks failed.
