From The Tribune
Center Owned by The Tribune TrustOil risk premium eases after US midterms; gold, silver poised for rally: Kotak Neo’s Anindya Banerjee
What's behind this
Crude oil prices slipped as investors awaited the outcome of the U.S. midterm elections. At 10:01 a.m. on Wednesday, Brent futures were trading at $102.95, down 0.63%, while the December WTI contract was at $95.31, down 0.81%. The market movement came as former President Donald Trump, unlike in 2020, publicly accepted the midterm results, treating the vote as another challenge to be overcome.
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Global commodity and currency markets are witnessing a significant shift following the outcome of the US midterm elections, with declining oil risk premiums, a weakening US dollar and a sharp rally in gold and silver reshaping the macroeconomic landscape.
RSS excerpt
Global commodity and currency markets are witnessing a significant shift following the outcome of the US midterm elections, with declining oil risk premiums, a weakening US dollar and a sharp rally in gold and silver reshaping the macroeconomic landscape.
