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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: US to ban Russian oil, Shell to stops buying Russian crude, gold above $2,000, nickel surges

The wild price movements in commodities continued today as gold pushed through $2,000 an ounce for the first time since summer 2020.

Nickel, which is a key component in electric battery vehicles, also staged a rapid advance while Brent crude oil remained near to a 14-year high at $127 a barrel.

The stagflation fears created by surging commodity prices meant Wall Street markets fell sharply last night to put further pressure on trading in leading European shares today.

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