Although the prices of industrial commodities initially plunged and gold rose on the news of Donald Trump’s victory in the US election, sentiment reversed very quickly as the President-elect Trump made a conciliatory acceptance speech. Indeed, the prices of a number of metals, notably copper, subsequently rose on hopes of fiscal stimulus and infrastructure spending. Meanwhile, oil prices ended the week lower, following the release of OPEC’s monthly report which showed a further rise in the group’s output.
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