Citigroup's latest commodity report highlights the impact of a Donald Trump presidential election win
They say:
- Polls have started to tighten
- Have raised their probability of a Trump victory
- Expect a Trump win would bring out higher volatility in gold and forex
- Which should lead to higher volumes in other precious metals
Citi give Mr. T a 40% chance of winning (previously they had him at a 35% chance)
More:
- Citi's base case is for a Clinton victory ... the continuity would leave U.S. and global growth expectations relatively unchanged
- "But a Trump victory is a wild card ... this, among lingering uncertainties from Brexit and elsewhere, may cap the prospects for global growth to pick up in the remainder of the year"
Weekly gold chart:
