Commodity Prices Could Increase Substantially Further

by | 8. Apr 2022 - 12:59 | Finances

To protect one’s assets from the effects of rising inflation, investments are increasingly being shifted to commodities. If this trend intensifies, prices could rise by up to 40%, Bloomberg quotes the US bank JPMorgan Chase.

Prices for many commodities, from metals to oil, have also risen significantly this year under the impact of the war in Ukraine. For example, the price of palladium, which is needed in the automotive industry for catalytic converters, had climbed to an all-time high in the meantime.

Photo: iStock/champc

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