The upcoming U.S. elections are expected to have a significant impact on commodity markets, particularly in energy, metals, and agriculture.
Harris's focus on climate change initiatives and renewable energy could drive increased infrastructure spending, benefiting industrial metals like steel, copper, and aluminum.
On the other hand, Trump's policies favor deregulation and support for domestic fossil fuel production, which could revitalize traditional energy sources.
Trade policies and relations with major trading partners, particularly China, could also influence agricultural commodity prices.
Geopolitical uncertainty during election cycles often leads to increased demand for safe-haven assets like gold and silver.
The strength of the U.S. dollar will also play a crucial role in commodity pricing.
Overall, the upcoming U.S. elections present a pivotal moment for commodity markets, with potential changes in demand and pricing across various sectors.