
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.