Reported 19 days ago
Following Donald Trump's election victory, commodities experienced a significant drop as a stronger dollar diminished their attractiveness in global markets. Oil prices fell, with West Texas Intermediate crude down by 3.1%, while agricultural and industrial metals, including soybeans and copper, also reported losses. The potential for increased trade tensions, particularly with China, raises concerns for agricultural markets, prompting expectations of tariff implementations that could affect various industries.
Source: YAHOO