According to analysts at GSC Commodity Intelligence – the Trump Trade refers to a set of highly profitable money-making trends and market behaviours that emerged during Donald Trump’s previous presidency – as savvy traders positioned themselves to benefit from his “Make America Great Again” policies and economic agenda.
With Biden’s withdrawal and the potential nomination of Vice President Kamala Harris as the Democratic candidate – a long list of the world’s most powerful Wall Street banks have already begun advising “to start rotating into Commodities now” ready to capitalize on the massive uptick in prices ahead.
The big question now is:
What Will A Trump Victory Mean For The Commodity Markets?
In a note to clients, analysts at GSC Commodity Intelligence wrote “that a Trump victory could spur a new super bull in Commodities off the back of a multitude of economic factors, with the most monumental being his stance on tariffs”.
It’s no secret that a big part of Trump’s agenda involves proposing a 60% tariff on U.S imports from China and a universal baseline 10% tariff on imports from all other countries. A move, which could ultimately reignite global inflation – leading to higher Gold and Silver prices.
In fact, during Trump’s previous presidency – Gold price rose substantially, surging from $1,200 an ounce when he took office in January 2017 to over $1,900 an ounce in his final month, which was January 2021.