Geopolitics and Markets Review 6/7/2022:

Commodities are having a dreadful week with gold at $1752.66 per ounce and silver at $19.161 per ounce. Oil, which has dropped below $100 per barrel again, natural gas, wheat, and soybeans, who experienced large price rises on the Russian invasion appear to no longer be affected as much by the war, with recession fears clearly taking over as the leading point of sentiment in the commodities market. This upcoming recession could be coupled with stagflation which gold usually does particularly well. It remains to be seen which assets will recover first once the recession does hit and which assets have partly priced in a recession already. Also, the tug of war between supply and demand and the recession continues to be a talking point, especially for oil. Do we see an initial drop due to the recession fears before a new upwards trend begins?