Stocks dipped Monday and oil prices soared as investors nervously considered the potential for even higher inflation and greater global economic damage from Russia’s war in Ukraine and sanctions that have ensued.
The S&P 500, Dow and Nasdaq declined but came off session lows from pre-market trading. Traders piled into safe haven assets, and gold prices (GC=F) briefly jumped above $2,000 per ounce for the first time since September 2020. U.S. Treasury yields advanced.
In energy markets, Brent…
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