Gold, Crude Oil Prices Commodities prices are in marking time as traders await the outcome of the US presidential election before committing to a firm bias. Crude oil prices rose while goldprices fell amid a broad-based swell in risk appetite in yesterday’s session after the FBI affirmed its July conclusion that Hillary Clinton did not commit a crime in her handling of emails while serving as Secretary of State.
Significant directional progress seems unlikely until today’s vote is tallied and the results are in. Recent price action suggests that a victory for Secretary Clinton is likely to seen as an affirmation of the status quo and boost sentiment, sending the WTI benchmark upward alongside equities while gold declines. Alternatively, a win forDonald Trump threatens to trigger risk aversion and yield the opposite dynamic.Click here for reuse options!