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Commodities Briefing - Categorized | Commentaries, People, Trading more

Could commodities suffer from the Trump effect?

Posted on 25 November 2016

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


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