Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Macro Strategy
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US Election 2024
These commodities might be impacted by the US election
Ole Hansen
Head of Commodity Strategy
Head of Commodity Strategy
The outcome of the US election could potentially be a key factor in the price development of certain commodities. In this video we will take a closer look at potential winners and losers after the US election in November.
All of these factors might lead investors to look for safety and that has historically pointed towards investment metals where gold is likely to benefit from that increased focus.
If you're looking for other investment opportunities based on the outcome of the US election, take a look at our article US Election: The three possible scenarios and their impact on markets.
Trump win
If Donald Trump decides to introduce these tariffs on Chinese imports, that might lead to an increase in inflation, and potentially force China to add tariffs on US food commodities which will hurt the US farmers and their possibility to export products such as corn and soy beans.Harris win
With a Harris win, an introduction of unfunded spending on social projects could potentially lead to higher inflation. Fossil fuel investments might take a hit as well, given the increased focus on green energy and electric vehicles.Conclusion
No matter the outcome, an increased spending will need extra funding, and without a tax raise, the US debt level is likely to increase even more, which will add to the risk of an increased inflation level.All of these factors might lead investors to look for safety and that has historically pointed towards investment metals where gold is likely to benefit from that increased focus.
If you're looking for other investment opportunities based on the outcome of the US election, take a look at our article US Election: The three possible scenarios and their impact on markets.
Quarterly Outlook
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Quarterly Outlook
Equity Outlook: The ride just got rougher
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Quarterly Outlook
China Outlook: The choice between retaliation or de-escalation
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Quarterly Outlook
Commodity Outlook: A bumpy road ahead calls for diversification
Ole Hansen
Head of Commodity Strategy
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Quarterly Outlook
FX outlook: Tariffs drive USD strength, until...?
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Quarterly Outlook
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Quarterly Outlook
Equity Outlook: Will lower rates lift all boats in equities?
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Quarterly Outlook
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
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Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
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Quarterly Outlook
FX Outlook: USD in limbo amid political and policy jitters
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