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David Fickling

Boats Go Bananas

A more protectionist world means China may prolong stimulus, boosting demand for seaborne commodities.

The past week in commodities markets has been like a trip through the looking glass.

Gold generally benefits from geopolitical shocks -- say, the election as U.S. president of a man who favors Japan building nuclear weapons and muses about not supporting members of Nato in the event of a Russian invasion. Instead, it's fallen almost 4 percent since Wednesday.