U.S. President-elect Donald Trump gestures as Vice President-elect Mike Pence applauds (L) at their election night rally in Manhattan, New York, U.S., November 9, 2016. 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. Much of the focus so far has been on what his domestic energy policies will bring, but whatever changes will be much more of an issue within the United States and will […]

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