Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’ (Bitcoin.com News)

Originally published at: https://www.channel-sea.cc/global-commodities-skyrocket-ounce-of-gold-nears-2k-musk-says-theres-a-need-to-increase-oil-and-gas-output-bitcoin-com-news/

While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of one ounce fine gold is nearing the $2K mark, benchmark coal prices have been surging, aluminum values broke records and nickel tapped an 11-year high.…