Gold, copper and palladium racked up fresh price gains at the start of another tumultuous week as Russia intensifies its war in Ukraine, which Citigroup Inc. says is “transformative” for global commodity markets.
Gold futures jumped above $2,000 an ounce for the first time in more than 18 months, while copper and palladium hit all-time highs. Nickel spiked as much as 31%, while wheat slammed the daily upward limit for the sixth day in a row. Brent crude oil rallied as much as 18% on a possible ban on Russian supplies.
KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.