Commodities Recover From Jolt as Markets Assess Trump Win
- Gold pares biggest jump since Brexit vote in June; crops drop
- Copper sinks, then soars on prospects for infrastructure boost
Global Market Reaction to Trump's U.S. Victory
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Raw materials and shares of the companies producing them were whipsawed as investors wrestled with the implications of Donald Trump’s stunning victory in the U.S. presidential election.
Oil reversed a slide to end higher, while gold was little changed after an early jump on haven demand. Industrial metals fell and then soared, pulling mining shares with them as investors bet governments would fend off weaker growth with infrastructure spending.