3:52 a.m .: Gold and oil are soaring
Gold is more than ever a safe haven. The yellow metal surpassed $2,000 in Asian trading this morning, its highest level since September 2020.
The war in Ukraine and the near total halt to Russian exports are also sending oil prices soaring to levels not seen in nearly 14 years, adding upward pressure to already high inflation. The barrel of Brent from the North Sea thus came close to 140 dollars this morning, a price close to its absolute record of 147.5 reached in 2008.
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