Amidst the larger drama of the election, the financial markets staged their own little drama. When the Dow futures plummeted by hundreds of points as it began to look as though Donald Trump would achieve a surprise victory, some people hastily jumped to the conclusion that financial markets feared a Trump presidency. Not so.
While markets were momentarily spooked by an outcome that they had not anticipated, it didn’t take long for market participants to recalibrate their expectations and surmise, at least temporarily, that economic prospects under a President Trump were favorable………………………………………..Full Article: Source

Trump heading closer to presidency has seen a rally in metal and oil prices, further strengthened by the strong US dollar. However, this has generated scepticism about the markets and whether China’s rally will begin to fade out.
Robin Bhar, base metals strategist at Societe Generale said, “When you have copper going up by $US1000 in barely a week you know there is something wrong. Fundamentals don’t change that fast,” according to the SMH. Copper prices shot up by 25 per cent to $US5445 a tonne within one month, with nickel, zinc, and lead also experiencing rises………………………………….Full Article: Source

The election of Donald Trump to the presidency gives OPEC members another reason to agree to oil production cuts when they meet next week, says Bank of America Merrill Lynch’s head of global commodities and derivatives research.
Saudi Arabia is trying to guide OPEC members toward a deal to cut production by 4 to 4.5 percent, in a bid to balance global supply and perhaps boost oil prices by about $10 a barrel. Merrill’s Francisco Blanch told CNBC there are three ways Trump’s win and the Republican clean sweep of Congress will affect OPEC’s forecast:…………………………………Full Article: Source

The popular mobilisation in Europe has given an immense impetus to the conservative polity who maintain the status quo in the world. The rise of ‘protectionist’ politics through democratic and populist processes has questioned the effectiveness and sustainability of the neoliberal economic order.
Upon close observation, one can note how both Britain and the United States of America who have been the biggest players in the neoliberal economy are gradually seeking a different economic model. Both Brexit and the electoral victory of the infamous Donald Trump have exposed the inequities that the neoliberal economy had covered under the facade of a ‘competitive market economy’…………………………………….Full Article: Source

We have been asked a lot in the past day or so about the impact on the base metals of Donald Trump’s surprise victory in the US presidential election. There is interest in the short term Trump-effect in light of the strength in base metal prices.
And there is interest in the longer term effect of ‘Trumponomics’ on the market fundamentals. Before the election, the base metals were already on a tear from LME Week in London last week, where quite a bullish consensus formed, especially for copper. So there was momentum from that, and from technical break-outs on the many of the charts……………………………………..Full Article: Source

Ben Emons, chief economist and head of credit portfolio management at Intellectus Partners, discusses the impact of Donald Trump’s presidency on the U.S. and global economy, China’s debt level and the 10-year JGB yield. He speaks to Bloomberg’s Betty Liu and Yvonne Man on “Bloomberg Daybreak: Asia.”.……………………………………Full Article: Source

Amidst the larger drama of the election last Tuesday, the financial markets staged their own little drama. When the Dow futures plummeted by hundreds of points as it began to look as though Donald Trump would achieve a surprise victory, some people hastily jumped to the conclusion that financial markets feared a Trump presidency. Not so.
While markets were momentarily spooked by an outcome that they had not anticipated, it didn’t take long for market participants to recalibrate their expectations and surmise, at least temporarily, that economic prospects under a President Trump were favorable………………………………………..Full Article: Source

U.S. election result has failed to produce an uncertainty boost, while rupee voiding has chilled key India market. Gold is being let down by India and Donald Trump. Ahead of last week’s U.S. presidential election, investors looking to bet on a victory by Trump bought gold assets on the theory that the resulting policy uncertainty would be a boost for such havens.
But a week after his win, gold is hovering close to a six-month low of around $1,230 a troy ounce as investment flows out of gold-focused exchange-traded funds and gold futures………………………………………..Full Article: Source

President-elect Donald Trump’s policies will eventually have important implications for commodity markets, said Barclays in a research note. “On the environment, he is a known climate-change denier and promises the country’s environmental agenda will be guided by ‘true specialists in conservation, not those with radical political agendas,’” the bank added.
“The U.S. energy sector is very likely to see a rolling back of environmental legislation affecting producers and consumers, but exactly how this plays out in markets and pricing, it is far too early to say. Likewise in metals, while an infrastructure surge could boost domestic metals demand, his plans to introduce import tariffs on many countries and the tit-for-tat that will go with it could lead to slower world GDP (gross-domestic-product) growth such that the net metals demand change from a global perspective is negative,” said analysts at Barclays………………………………….Full Article: Source

There is perhaps no better reminder that the US presidency is a position of extraordinary power. Since the victory of US President-elect Donald Trump last week, businesses and governments have been working overtime to try to discern exactly what his presidency might mean for a range of important policy areas.
Across the world, every campaign statement, interview, tweet and early appointment by Trump’s transition team is now being carefully examined for clues as to how the newly-elected Republican will act once he moves into the White House………………………………….Full Article: Source

Trump’s election victory has tempered demand for the yellow metal. A desire to hold “real assets” in turbulent times has massively boosted the popularity of gold-backed exchange traded funds (ETFs). But following the biggest political upset of the year — Donald Trump’s US presidential victory — gold prices have gone into reverse.
After a brief rally following last week’s election result, gold ended the week down 5.2 per cent at $1,234.50 a troy ounce as the dollar rallied, and investors ditched traditional haven assets. In contrast, gold rose by $100 a troy ounce in the two weeks following the Brexit vote in June………………………………….Full Article: Source

Despite uncertainty around the ramifications of a Trump presidency, it appears Australian commodities could emerge the real winner from the US election. While details of his exact policies remain unknown, Donald Trump’s largely touted infrastructure spending would likely support commodities, particularly in Australia, according to HSBC chief economist Paul Bloxham.
“A Trump presidency looks likely to mean the Americans will be spending more on infrastructure which could very well lead to hard commodity demand and support for commodity prices,” Bloxham said……………………………………..Full Article: Source

If you have been puzzled about the crash in gold prices after Donald Trump’s election, you are in the company of almost every analyst and media outlet in the western world. Gold and silver are a major part of the research at The Arora Report.
A combination of our proven precious metal algorithms, extensive resources and knowledge of the emerging markets led us to alert subscribers to The Arora Report early that gold was about to crash and the reason behind it. Immediately after the election, the net position of The Arora Report in gold, silver and miners has been short as part of a sophisticated strategy……………………………………..Full Article: Source

As the price of gold and silver came down sharply, many investors are asking what the future price of gold will be. Although we do not pretend to have a crystal ball, we observe sufficient signals in the charts to make a make a call about the future price of gold into 2017.
In general, the precious metals market has turned very sour. Gold registered it largest loss on a weekly basis since it crashed in 2013. Moreover, gold and silver miners, said to lead the precious metals complex, have truly crashed this past week…………………………………….Full Article: Source

Mineral commodity markets have found something to celebrate with US president-elect Donald Trump’s campaign promise to rebuild America with a $US500 billion ($660bn) job-creating infrastructure splurge.
Metal prices have zoomed higher since Trump’s election victory, and the bulk commodities of iron ore and coal have soared from their already elevated levels, which can be traced back to numerous China factors. But will Trump the builder really make much of a difference in the long run?……………………………………Full Article: Source

An agreement between OPEC nations over a cut in oil production is “imperative”, Saudi Arabia’s oil minister said, according to media reports on Sunday. Khaled al-Faleh called on cartel members to stick to the surprise cut deal, reached in Algiers in September, during a meeting with his Algerian counterpart Noureddine Boutarfa on Saturday.
“In this period marked by unstable oil prices it is imperative to reach a consensus between OPEC nations and to agree on an effective mechanism and precise figures to activate the historic Algiers accord,” Falih was quoted as saying by Algeria’s APS news agency…………………………………….Full Article: Source

Iran boosted oil output at three western fields faster than it expected as rival OPEC producer Saudi Arabia called for a collective output cut later this month to help rebalance the market.
Output at the fields west of the Karoun River, near Iran’s border with Iraq, rose to about 250,000 barrels per day from 65,000 barrels in 2013, the Oil Ministry’s news service Shana reported Sunday, citing President Hassan Rouhani at a ceremony to formally open the project. Iran had expected to reach that output target by the end of the year, Mohsen Ghamsari, director for international affairs at the National Iranian Oil Co., said in September…………………………………….Full Article: Source

Donald Trump’s promise to put America first helped propel him to the U.S. presidency. But he also unleashed uncertainty on the global economy by skewering trading partners and offering few specifics that might calm allies or businesses.
Financial markets reacted quickly and negatively to the unknowns of a Trump stewardship of the world’s largest economy. By Wednesday afternoon, though, stocks had rebounded, especially those involving drug companies, defense contractors and firms that rebuild infrastructure, which could benefit from a Trump administration…………………………………….Full Article: Source

Beyond the short-term volatility as investors become used to the idea of President Donald Trump, the main risk for global commodities is how much of the campaign rhetoric translates into policy reality when the Republican victor moves into the White House.
The problem global commodity markets are currently grappling with is that the new U.S. president hasn’t articulated well-defined policies, rather his campaign was a series of slogans, threats and somewhat vague promises. Nonetheless, there is enough to suggest that Trump’s presidency holds both positives and negatives for commodity demand and prices…………………………………..Full Article: Source

Raw materials and shares of the companies producing them were whipsawed as investors wrestled with the implications of Donald Trump’s stunning victory in the U.S. presidential election.
Oil reversed a slide to end higher, while gold was little changed after an early jump on haven demand. Industrial metals fell and then soared, pulling mining shares with them as investors bet governments would fend off weaker growth with infrastructure spending…………………………………..Full Article: Source

Donald Trump’s promise to revive American infrastructure means commodities used to build everything from airports to bridges will benefit under his presidency, according to Goldman Sachs Group Inc.
Spending by the Republican, who is set to enter the White House after defeating Hillary Clinton, will support construction activity and boost steel, iron ore, nickel, zinc and diesel, analysts including Damien Courvalin and Jeffrey Currie said in a Nov. 9 report. Trump’s proposal to roll back emissions-reduction targets could lift demand for natural gas as less uncertainty over policy boosts investment in an already competitive source for power and petrochemical production, according to the bank…………………………………..Full Article: Source

Amid growing expectations of rising inflation or even promises of more economic stimulus, analysts seem divided as to how gold will perform in the longer term and the reasons for owning the precious metal in the first place.
Gold fell Thursday after seeing significant gains on the previous day. Gold fell back to below $1,300 a troy ounce after reaching a six week-high on Wednesday on the news that Donald Trump had been elected as the next U.S. president…………………………………..Full Article: Source

Donald Trump pulled off an upset victory Tuesday for the US Presidency, overcoming Hillary Clinton, who despite recent polls showed that the former Senator had a sizeable lead heading into the election. Yet by the end of the count, it was Trump who captured the required 270+ electoral college votes to win.
And as most major world markets were pricing in an outcome in line with the polls, chaos erupted within the financial markets as votes began to show Trump securing a probable victory. If there is one thing markets hate it is uncertainty. And as Trump will be the first US President without prior government experience to step into office, the outcome is certainly giving markets plenty to worry about…………………………………..Full Article: Source

Gold price gains of 4.5% overnight Tuesday were all erased by the close of London trade yesterday, with a $20 rebound then fading on Thursday as world stock markets extended their rally following Donald Trump’s surprise victory in the US presidential election.
Japan’s Topix index closed 5.8% higher, reversing the previous day’s losses, and Eurozone equities rose another 0.5% as the start of Thursday’s US trading approached. Major government bond prices, in contrast, continued to fall amid analyst talk of Trump’s infrastructure and spending plans – as well as inflation – driving 10-year US bond yields above 2.00% for the first time since January…………………………………..Full Article: Source

Gold is Donald Trump’s favourite metal. The taps on his private jet are 24-karat gold-plated. His $100 vodka is adorned with a golden “T”. He even hankers after the gold standard. He must have found it gratifying, therefore, that gold soared to its highest price since Brexit after his overnight victory in America’s presidential election. But copper and industrial metals also rallied. They tell a similar story: prepare for reflation.
Gold is both a haven and a hedge against inflation. Initially, its rally appeared to be a rush for safety. The dollar and stockmarkets plunged as Mr Trump headed closer to victory, pushing panic-driven flows into the yellow metal………………………………………Full Article: Source

The foreseeable future under a Donald Trump presidency will prove beneficial for commodities and emerging markets, investor Marc Faber said Wednesday. With huge infrastructure expenditures underway in Asia, “within the stock market … anything that is commodity-related will do well,” Faber, who publishes the Gloom, Boom & Doom Report, told CNBC’s “Squawk on the Street.”
He said that there is another notable trade investors should be eyeing in connection with the Trump win………………………………………Full Article: Source

OPEC’s job of trying to prop up oil prices has just got much harder. With Donald Trump winning the U.S. presidential election, the 14-country oil-producing cartel may have to battle a sourer outlook for the global economy and weaker demand for crude.
It also faces the prospect of increased U.S. oil output—a major bugbear for the Organization of the Petroleum Exporting Countries—given Trump’s pledge to open all federal land and waters for fossil fuel exploration………………………………………Full Article: Source

Safe-haven gold was losing ground to a big rebound in the U.S. stock market after its strong overnight losses. ‘I wish I could tell you what happens next, but the markets need some time to reflect on the phrase, President Trump,’ said Kitco Metal’s global trading director, Peter Hug on Wednesday.
Throughout the night, markets saw extreme volatility across the board. Gold moved up some $80, from its low print to its high, and the stock market was at one point 800 points limit down, as it became clear that Democratic candidate Hillary Clinton was losing, Hug explained. The focus is now back on the expected Federal Reserve rate hike in December………………………………………Full Article: Source

From trade war with China to jobs turmoil in Mexico, Trump’s reign will pose new threats to already fragile world economy. Donald Trump’s victory in the US presidential elections will have implications for the whole global economy.
America’s neighbour to the south has most to lose from the new Republican president. Trump’s message to blue-collar voters in the rust-belt states was that US manufacturing jobs have migrated across the Rio Grande as a result of the North American Free Trade Agreement signed by Bill Clinton in the early 1990s………………………………………Full Article: Source

Will recent history of commodities performing better under a Democrat continue or will a Republican break the mold? How are commodities likely to perform under a Hillary Clinton vs. Donald Trump administration?
Data going back to 1970 show that gold, oil and 17 out of 24 commodities fared better on average when a Democrat was in the White House, according to Jodie Gunzberg, head of commodities and real assets at S&P Dow Jones Indices. Gunzberg’s data show that seven other commodities thrived under a Republican administration…………………………………….Full Article: Source

Jeremy Baker, Vontobel Asset Management’s commodity and alternative investment product manager, has said a Donald Trump victory in the US elections would be positive for commodity prices, particularly oil. Trump’s fiscal policy, infrastructure development and his ‘pro-the oil industry’ stance relative to Clinton could cause a rise in commodity prices, Baker said.
“Since infrastructure is very old in the US, development is needed and Trump has been talking a lot about a fiscal policy. Clearly, he would be more pro-the oil industry compared to Clinton.”……………………………………Full Article: Source

OPEC’s chief warned of prolonged instability in the oil market if the producer group and other major crude suppliers fail to act jointly to limit output and curb a global glut.
An inability of the Organization of Petroleum Exporting Countries to implement the deal it reached in Algiers in September will have “negative consequences on the already fragile state of the industry,” OPEC Secretary-General Mohammed Barkindo said Tuesday at a briefing in Abu Dhabi. Markets are “eagerly awaiting” combined action by OPEC and non-OPEC producers, he said…………………………………….Full Article: Source

A Donald Trump win in the US presidential election – the result is due in a few hours – would be decidedly bullish for gold and could push gold prices to up to $1,400 per oz, analysts said. Hillary Clinton’s policies are also bullish for gold, some noted, but not nearly to the same extent of Trump’s, they said.
Polls to elect the 45th US President will close between 12am and 6am GMT. Factors such as economic data, comments for the US central bank, physical demand, purchases by central banks and economic and political developments outside the US “may mean little for gold until well after the US elections”, HSBC analyst James Steel said…………………………………….Full Article: Source

Donald Trump has lit a fire under the gold market. Bullion is being whipsawed as a tightening U.S. presidential race spurs haven demand. Prices rose as much as 0.8 percent Thursday, near a four-week high, before giving up the gains and more.
“If Donald Trump is elected next week, we think gold can go anywhere shy of $1,400,” Wayne Gordon, executive director for commodities and foreign exchange at UBS Group AG’s wealth-management unit, said in a Bloomberg Television interview………………………………………Full Article: Source

The gold price is threatening to break back through the $1,300 an ounce mark for the first time in a month, after a shock poll put Donald Trump in the lead in the race for the White House.
FXTM Chief Market Strategist Hussein Sayed told The Independent global markets are in the “early stage of panic”, following the news that the Republican has taken a one-point lead in a poll for ABC News and the Washington Post. That lead is well inside the margin of error, but it still prompted a sell-off that sent shares in Asia to a seven-week low and left all major international equity benchmarks in the red…………………………………….Full Article: Source

Gold futures are now trading at almost $1,291 an ounce. And HSBC analyst James Steel says the price for the precious metal will rise through 207 no matter who ends up living in the White House.
But he says gold will rise higher if Republican presidential candidate Donald Trump beats Democrat Hillary Clinton. Steel argues that Trump’s policies are more “gold-bullish” than Clinton’s. But it’s, at best, a backhanded compliment……………………………………Full Article: Source

Anglo boosts platinum margins after relaunching customer ties. Anglo American has boosted its platinum margins by as much as 5% after relaunching its customer relationships and ending an exclusive marketing contract with Johnson Matthey, CEO Mark Cutifani said on Monday.
Big miners are looking for ways to add shareholder value and extend a recovery that has made them the top gainers on London’s blue chip FTSE share index this year. Anglo American’s shares have rebounded more than 270% since January…………………………………….Full Article: Source

The polls continue to favor Clinton. Gold and silver are likely to rally under Hillary. Energy will move higher in a Clinton Presidency. A Trump surprise will cause lots of volatility but long-term effects. Are we in store for a Brexit surprise?
Commodities are global assets, and the U.S. dollar is the reserve currency of the world. The historical inverse relationship between the greenback and raw material prices traditionally tells us that a higher dollar means lower commodity prices…………………………………..Full Article: Source

R Srinivasan, MD, Priyanka Bullion, in Madurai, has been in the bullion dealing business for a long time. The North Indian tradition of buying gold during Dhanteras, as part of Diwali, leads to good business during the festival season.
Wanting to buy gold on Dhanteras has increased in recent years, says Srinivasan. This year, too, bookings from his customers have already started. “The influence of North India has increased and people down South, too, think that buying gold on Dhanteras is auspicious. More than jewellery, women now want to buy it as bars of 20/30 gram…” His customers aside, Srinivasan himself too buys gold from the market during Diwali. “I buy for my children, the investment made that day brings luck…”…………………………………Full Article: Source

Is gold’s momentum really dependent on the victor of the U.S. presidential election? According to RBC Capital Markets commodity strategist Chris Louney, a correlation has developed between Republican presidential candidate Donald Trump and gold.
Speaking with CNBC’s Futures Now, Louney said in an interview that “gold reacts when Trump’s chances of winning rise above 40 percent or below 20 percent in the mainstream media.” Over first seven months of the year, gold really “glittered,” he said, with uncertainty surrounding monetary policy and Brexit fears…………………………………….Full Article: Source

Khalid al-Falih lends his voice to theory low oil prices caused energy companies and countries to pull back so sharply from spending that their output will soon fall. Saudi Arabia’s energy minister said Wednesday that the world’s oil industry would soon emerge from a crippling two-year slump but warned of an impending shortage of petroleum that could send crude prices up sharply.
In his speech here at the Oil and Money conference, Khalid al-Falih, the top oil official in the country that exports more crude than any other, outlined the rapidly changing landscape in the energy industry since the Organization of the Petroleum Exporting Countries agreed last month to modestly cut its output……………………………………Full Article: Source

Figuring out which U.S. presidential candidate is the best choice for the oil market isn’t quite as easy as you might think. With his goal to make the U.S. completely energy independent and remove restrictions on drilling on federal land, Republican nominee Donald Trump looks to be the candidate most likely to benefit the oil market.
Democratic nominee Hillary Clinton’s plans to make the country a “clean energy superpower,” however, could actually give oil a much needed price boost. “Clinton policies would tend to keep prices higher than Trump policies, which would benefit those who hold existing oil assets and penalize consumers,” said Milton Ezrati, chief economist at Wall Street consulting firm Vested, based in New York……………………………………Full Article: Source

Gold prices have enjoyed a hefty climb so far this year as the market continues to guess the pace and timing of the next U.S. interest-rate hike, but the battle for the U.S. presidency is set to take center stage as Election Day nears.
And it doesn’t matter if Republican Party nominee Donald Trump or Democratic Party nominee Hillary Clinton moves on to be the next president of the United States—gold is likely to come out a winner, George Milling-Stanley, head of gold investment strategy at State Street Global Advisors, told MarketWatch…………………………………Full Article: Source

Although gold prices have come under pressure the past few weeks, Monty Guild, founder of L.A.-based Guild Investment Management says he remains bullish, and is still calling for the metal to climb up to $1,900 an ounce within a two to four year time frame.
Gold and silver markets ended slightly higher Monday in quieter trading. Market participants are looking for new fundamental information to drive the markets. December Comex gold was last up $1.50 an ounce at $1,257.00. December Comex silver was last up $0.044 at $17.48 an ounce…………………………………..Full Article: Source

Even though the 2008 credit crisis and the “treacherous recovery” of global economy has impacted growth among the BRICS countries, Chinese President Xi Jinping today said the potential and the inherent strength of the five-nation grouping of emerging economies continues to be unchanged.
The Chinese President said the global economy is yet to fully recover from the 2008 credit crisis and is still struggling with a “treacherous recovery“. Admitting that the crisis of 2008 has not only “slowed down BRICS economies” but they are still “facing challenges” even after eight years of the worst recession since the 1930s, Xi, however, stressed that the “potential and the strength” of the grouping is “unchanged” and they continue to remain positive from a long-term perspective……………………………………..Full Article: Source

The world will have need for oil and gas for long time. Because as the countries like China, Indonesia, India are developing, the people will buy car and the need for oil will increase. It’s impossible to imagine the development of the industry without natural gas.
Along with this, renewed, solar, wind and hydraulic energy are also used in the world. Further situation will make oil and gas producing countries more important. However, I want the energy importing countries, including Turkey not to depend on a single source, but buy oil and gas from different sources……………………………………..Full Article: Source

Citadel Securities LLC said on Tuesday it has hired Haddon Kirk, who has been head of exchange-traded funds trading for UBS AG’s U.S. investment bank. Kirk is joining Citadel in a senior role focused on massive “block” trades of the funds, a company executive told Reuters. He starts Oct 31.
The company’s securities dealing division says it trades 18 percent of U.S. ETFs by share volume. Many such trades are negotiated and conducted in private. The Chicago-based company, run by Kenneth Griffin, is also known for its hedge fund……………………………………….Full Article: Source

Russia, the world’s largest energy exporter, is ready to join OPEC in limiting oil production with either a freeze or a cut, said President Vladimir Putin.
“Russia is ready to join in joint measures to limit output and calls on other oil exporters to do the same,” Putin said on Monday at the World Energy Congress in Istanbul. “In the current situation, we think that a freeze or even a cut in oil production is probably the only proper decision to preserve stability in the global energy market.”…………………………………Full Article: Source

Russian Energy Minister Alexander Novak said he expected the Organization of Petroleum Exporting Countries (OPEC) to propose that non-OPEC nations consider joining the group in limiting output.
“We are waiting for the proposals which OPEC will elaborate internally to meet target (production) levels and with which they will come out and approach non-OPEC nations,” Novak said in an interview with Turkey’s state-run Anadolu Agency, published on the Russian Energy Ministry’s website on Sunday……………………………………….Full Article: Source

Saudi Arabia’s deputy crown prince sent his energy minister to an OPEC meeting last month with a difficult mission: Make a deal with rival Iran but don’t compromise the kingdom’s ability to fight for oil-market share, people familiar with the matter said.
The directive was a departure for Deputy Crown Prince Mohammed bin Salman, the powerful 31-year-old son of King Salman who is prosecuting Saudi Arabia’s war in Yemen against Iran-backed rebels. Prince Mohammed scuttled previous attempts at oil-production deals with the Organization of the Petroleum Exporting Countries this year as Saudi Arabia worried about Iran’s rising output following the end of Western sanctions……………………………………….Full Article: Source