Gold Under Every President From Carter to Trump
CITI: Sell Some Oil, Buy Some Gold on “Trump Deal”
Contents: (500 words)
Trump's Victory Sets Market Tone
Commodities Outlook: Oil and Gold Under Pressure
Mixed Medium-Term Outlook for Metals
Gold’s Long-Term Drivers Remain Strong
Includes Gold price matrix under all Presidents 1976-2024
Impact on Oil: Reducing Middle East Exposure
Tariffs Weigh on Base Metals; China’s Role Key
Trump's Victory Sets Market Tone
The “Trump Deal” is currently steering markets, driving the U.S. dollar, stocks, and cryptocurrencies higher. Meanwhile, concerns around potential tariff policies have put pressure on commodities, with crude oil, gold, and copper slipping 1-5%. Overnight, gold—the leading commodity—dropped 3%, while silver and copper declined over 4% yesterday.