Jeremy Baker, Vontobel Asset Management's commodity and alternative investment product manager, has said a Donald Trump victory in the US elections would be positive for commodity prices, particularly oil.
Trump's fiscal policy, infrastructure development and his ‘pro-the oil industry' stance relative to Clinton could cause a rise in commodity prices, Baker said. "Since infrastructure is very old in the US, development is needed and Trump has been talking a lot about a fiscal policy. Clearly, he would be more pro-the oil industry compared to Clinton." Dr Doom Faber: Oil price could hit $70 as inflation 'surprises on upside' Furthermore, his stance against the Middle East and Iran, in particular, could also have a positive impact on US oil production. Jon Andersson, head of commod...
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