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US election risks for commodities markets – Westpac

Posted on 09 November 2016

Research Team at Westpac, lists down the US election risks for equities and commodities markets by taking reference from the recent Brexit scenario. Expect a similar outcome to Brexit - safe haven demand for gold should push it higher on a Trump win.
Gold rose 5% in the day after the UK vote, those gains holding in subsequent weeks, though gold fell 3.7% in the week before the UK vote as confidence in a “remain” win grew. By contrast gold prices have risen modestly through October as Trump’s odds have firmed. Oil prices fell 4.9% on Brexit, but in the week into the vote they rose almost 10%…………………………………….Full Article: Source


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