Trumped up infrastructure pushes metals

THE Trump factor has set the diversified miners into a spin in the belief that infrastructure spending will strengthen commodity prices.
Trumped up infrastructure pushes metals Trumped up infrastructure pushes metals Trumped up infrastructure pushes metals Trumped up infrastructure pushes metals Trumped up infrastructure pushes metals

Donald Trump

Staff Reporter

So while nickel, copper and iron ore are all on the rise, gold took a hit somewhat inexplicably, in the light of widespread commentary that the election of Donald Trump as the next US president was one of the riskiest decisions made by Americans this century.

Gold is usually the safe harbour in times of turmoil, so who knows what caused the end-of-week dip.

In softer commodities, coffee decreased 1.85c per pound, or 1.06% to 172.50c/lb yesterday from 174.35c/lb in the previous trading session, tradingeconomics.com reported. Coffee increased 5.89% during last week, was up 15.50% over last month and up 44.78% over last year. Historically, coffee reached an all-time high of 339.86c/lb in April of 1977 and a record low of 42.50c/lb in October of 2001.

Cocoa increased $1 per tonne or 0.04% to $2446/t yesterday from $2445/t in the previous trading session, tradingeconomics.com reported. Cocoa dropped 7.07% during the last week, was down 12.39% over last month and was down 26.17% over last year. Historically, cocoa reached an all-time high of $4361.58/t in July of 1977 and a record low of $211/t in July of 1965.

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