some analysts warn that 2022 will be a difficult year for commodities with the pandemic’s impact on economic activity set to influence trading after a volatile year marked by a rally in energy that fueled inflation and a retreat of precious metals prices “it will be a more challenging year for commodities in 2022 because global central banks are tightening policy” says noel dixon a global macro strategist for state street “central banks reacting to supplydriven inflation” which they cannot control is “likely to result