The upcoming US elections are expected to have a significant impact on commodity markets, particularly in relation to energy, trade, and environmental regulations.
A victory for Kamala Harris could result in a focus on renewable energy and climate initiatives, driving up demand for commodities such as copper, lithium, and cobalt. On the other hand, a Trump re-election could prioritize traditional fossil fuels, potentially leading to lower prices for oil, natural gas, and coal.
Geopolitical uncertainty surrounding the election outcomes may also drive demand for precious metals like gold and silver. The policies of either candidate could also influence the strength of the US dollar, indirectly impacting commodity prices.
Traders and investors are closely monitoring these potential impacts to navigate the evolving commodity landscape.