Crude Oil Supply Concerns, Gold as a Safe Haven

<p>Most commodities have demand exceeding supply, and the Russia-Ukraine conflict could have a major impact on oil, grains, and metals, says Ed Egilinsky of Direxion. He points out that the U.S. is a net importer of crude and discusses the limited supply. He points out that Europe uses natural gas from Russia which could affect prices. He thinks people are looking to gold as a safe haven. Bens shows that gold futures (/GC) price is above the 50-day average on the chart. </p><p><br></p>