Precious metals plays like the SPDR Gold Shares (NYSEArca: GLD), the iShares Gold Trust (IAU), and the Aberdeen Standard Gold ETF Trust (SGOL) have also been an easy way to safeguard wealth. As the Russia-Ukraine war further disrupts the global markets and further pushes up inflationary pressures, investors can turn to exchange traded fund strategies that could thrive in this type of environment. Federal Reserve Chairman Jerome Powell warned that Russia’s invasion of Ukraine will likely add to inflationary pressures due to the country's role as a major global commodities provider, the Wall Street Journal reports.