Commodity Trade Mantra

Posts Tagged ‘Weaker Currency’

Did Gold Prices Really Fall Over Trump’s Speech?

If Trump pursues a weak dollar policy, it has clear inflationary consequences, which is good for gold prices & euro. If Trump pursues a strong dollar policy, it will almost certainly lead to a Chinese maxi-devaluation & to an emerging-market dollar-denominated debt crisis. That could be a short-run head wind for gold prices, but as crisis conditions take hold, gold will benefit from a flight to safety.

Crude Oil At $20 Is Now A Distinct Possibility As Chinese Demand Wanes

Importantly for crude oil is the fact that China’s worsening economic situation could cut into the country’s crude oil demand. As the world’s principle driver of crude oil demand suddenly starts slowing to more pedestrian levels of growth, the oil markets are very much feeling the effect. As Goldman Sachs predicted, crude oil prices might indeed fall to $20s per barrel.

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