The outcome of the US elections could significantly impact commodity markets, with a Kamala Harris win likely boosting demand for renewable energy commodities like copper and lithium, while reducing reliance on fossil fuels. In contrast, a Trump re-election may favor traditional fossil fuels through deregulation and increase demand for industrial metals due to infrastructure spending. Both scenarios could influence precious metals as geopolitical uncertainty drives demand for safe-haven assets like gold, alongside fiscal and monetary policies affecting the US dollar and commodity prices.