Page 5 - Commodities Prices News Today

"The kingdom has done what it can," Foreign Minister Prince Faisal bin Farhan told the World Economic Forum at Davos.

Poor weather and the fallout from the Russia-Ukraine war have roiled global commodity markets, meaning wheat production is forecast to fall.

"Aggressive tightening and perhaps a more difficult risk environment will dominate FX now," said Chris Turner, Global Head of Markets at ING.

Prices of some commodities still up

Much of the activity driving up uranium prices has come from the Sprott Physical Uranium Trust as opposed to utilities or producers, the bank said.

The Russia-Ukraine crisis has strained global commodities markets, but these nine stocks are poised to gain from disruptions, says Bank of America.

As the Russia-Ukraine war boosts the need to hedge inflation with commodities, BofA predicts oil, gas, and metals prices in three geopolitical events.

The UK rate hike comes a day after the Federal Reserve raised interest rates for the first time since 2018, as central banks get tough on price rises.

The fall in nickel suggests a dramatic short squeeze is easing but the trading suspension is an embarrassing setback for the London Metal Exchange.

"The lack of CBs put makes investing trickier, and opens up the possibility that more downside is required before they come to the rescue, a la 2018."