Analysts see similarities in commodities and cryptos movements, influenced by geo-political issues

From Investing.com: 2024-12-30 04:16:00

Commodities futures and cryptocurrency prices are showing similarities to movements seen during the last term of President Trump. Analysts believe these moves may be influenced by geo-political and domestic issues, but President-elect Trump’s actions will likely play a significant role.

Debt ceiling limits are a pressing issue, with Treasury Secretary Yellen warning of potential extraordinary measures by January 14 to prevent a US default. Failure to address this could have severe economic consequences, as the US debt is expected to decrease by $54 billion on January 2.

Inflation concerns are on the rise as the Fed is expected to cut rates cautiously, impacting the stock market. The energy sector faces challenges, with a transit dispute between Ukraine and Russia affecting oil and natural gas prices.

Cryptocurrencies are gaining momentum, but wider adoption in 2025 hinges on the regulatory path set by the Trump administration. Precious metals face uncertainty, with gold, silver, and natural gas futures indicating bearish trends.

Traders are advised to closely monitor the movements of commodities and cryptocurrencies, taking into account the potential impact of President-elect Trump’s policies on the market. Fear of economic instability looms as Trump prepares to take office.



Read more at Investing.com: Are Commodities, Cryptos Likely to Repeat Moves Made Between 2017-2021?