Trade Tensions and Weather Patterns Shape Market Trends.

Published 23-01-2025, 09:31 am
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Gold COMEX gold prices traded lower near $2,760 per ounce as uncertainty surrounding former President Trump’s tariff plans heightened fears of a trade war. The apprehension about potential economic disruptions has pressured gold prices despite its status as a safe-haven asset.

Crude Oil WTI crude oil prices declined, holding near $75 per barrel. This drop follows an industry report showing the first increase in US crude stockpiles since mid-November. Market participants remain cautious, closely monitoring President Trump’s global trade policies and their potential impact on demand.

Natural Gas US natural gas futures surged over 5% due to forecasts predicting significantly colder weather across the central United States. This rise reflects increased expectations for higher heating demand in the coming weeks.

Base Metals LME base metals experienced a decline amid growing concerns over potential trade wars. The Trump administration is reportedly considering imposing a 10% tariff on Chinese imports starting February 1. This has added to market uncertainty, negatively impacting prices across the sector.

Copper Chinese smelters increased copper scrap imports last year to address an unprecedented shortage of ore from overseas mines. This adjustment highlights how supply chain challenges have reshaped global copper trade flows (Bloomberg).

Market Outlook Investors’ focus now shifts to the release of US unemployment data and President Trump’s upcoming speech, both of which are expected to provide further clues on economic policies and market direction. Uncertainty remains high as markets navigate the combined effects of trade tensions, geopolitical developments, and shifting weather patterns.

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