Experts Weigh In: Presidential Policies and Their Potential Commodity Consequences

Capital Economics predicts that the U.S. election won’t have an immediate major effect on commodities, but could shape oil and natural gas markets in the long run. A Trump victory might support more drilling and potentially lead to higher U.S. oil demand, while Harris would likely maintain current policies. Gold prices could benefit from a Trump presidency due to potential inflation and uncertainty. Overall, market fundamentals are expected to have a greater impact on commodity prices than the election result.