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Commodities From Metals to Wheat Rally as Russia Faces Isolation

  • New Western sanctions raise potential for supply disruptions
  • Geopolitical tensions have “supercharged” gold prices: analyst
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Healthy Harvest of Wheat Expected in Russia and Ukraine, Says Menker
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Commodities from aluminum to wheat and gold rallied in a jittery start to the week, as traders grappled with a fraught geopolitical environment and an array of supply risks triggered by war in Ukraine.

Aluminum surged to a fresh record, while nickel rose and wheat advanced near its highest level in more than 13 years. Bullion -- a haven in times of international tensions -- climbed more than 2% before paring gains.