We cut through the noise to explore the policies that will be prioritized by any new administration, regardless of the election outcome, and asses their implications for commodities markets. The top priority for both administrations is to ensure the security of supply in energy and minerals and to lower energy prices to curb inflation. Debasement trades are likely to perform well under any administration, though could get further supercharged under a Republican sweep. Gold stands out as the commodity of choice for hedging the US elections.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Tracey Allen, Head of Agricultural Commodities Research

Gregory Shearer, Head of Base and Precious Metal Research

This podcast was recorded on 1, November 2024.

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Global Commodities: 2024 US Election Watch—Cutting Through the Noise

At Any Rate