Goldman Says Commodity Investors Fear Future in Age of Trump
- Political chaos moves more trade into prompt futures contracts
- Traders willing to go ‘hand to mouth’ because of risk: Currie
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Political uncertainty means there’s no time like the present when it comes to commodities trading, according to Goldman Sachs Group Inc.
Traders are less willing to buy and sell long-dated futures because of increasing risks associated with trade wars and other geopolitical fissures springing up around the globe, Jeff Currie, head of commodities research at Goldman, said in an interview on Bloomberg TV. Instead, more activity is moving into the nearest month’s contract.