From Investing.com: 2024-11-07 04:43:00

Commodities are rebounding after a sell-off post-Trump’s win. Energy prices faced pressure but recovered, with Hurricane Rafael shutting in oil production. A Trump presidency brings uncertainty, with potential impacts on USD strength, oil leasing, and Iran sanctions. US Gulf of Mexico oil and gas production affected by the hurricane. EIA report shows slight crude inventory build and decreased demand.

Metals slump on dollar strength and Trump’s election win. Industrial metals fall despite Chinese support measures expected. Precious metals decline due to a stronger dollar, but geopolitical uncertainty may support gold. Trump’s proposed policies could affect interest rates and global growth, impacting metals prices. Trade tensions and tariffs pose risks to the metals market.

Soybeans initially dropped post-election, fearing trade tensions. Poor quality beans from Ivory Coast add supply threats. Vietnam’s coffee exports rose in October, but cumulative exports decreased. Market outlook remains uncertain due to potential trade disputes and supply issues. Trade tensions under Trump’s administration may impact global agricultural markets.



Read more at Investing.com: Commodities Rebound After Yesterday’s Sell-Off Amid US Dollar Surge Post-Trump Win