Is the Ukraine crisis sparking a new bull market in commodities

Is the Ukraine crisis sparking a new bull market in commodities? At least in the short-term, the commodities market is certainly getting a boost from the conflict. In particular, oil, grains, and gold are benefiting. In the cases of oil and grains, the price increases are fundamentally-based. For one, Ukraine houses pipelines travelling from Russia to Europe - hence the concern over oil and gas. Moreover, the region is also a significant global producer of grains. Meanwhile, gold is climbing as investors are once again seeking safe haven investments - a common strategy during times of global turmoil. Whether or not this reversal in commodities signifies the start of a long-term trend is uncertain. Regardless, recent events have given life to the asset class, which has been in a cyclical downtrend since 2011.