War Effects: Oil Up, Shares & Metals Down

Although safehaven assets like precious metals typically soar in the face of global instability, over the past 10 days, gold, silver and palladium prices dropped by up to 10%.

With inflation expected to rise, bank rates are expected to stay put, keeping investors more committed to bonds and treasuries instead of switching to gold.

Share prices fell as the world now expects higher inflation and higher interest rates – but Bitcoin  rose.