# Metals sell off after US election Trump win while oil, agriculture recoup some losses | Reuters

> Metals fell after Donald Trump's US presidential election win, with copper, gold and zinc retreating on concerns about new tariffs on Chinese goods. Oil prices flattened after falling more than $2 per barrel, and agricultural commodities recovered some earlier losses.

- Date: 2024-11-06 · published 2024-11-06T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/10549-metals-sell-off-after-us-election-trump-win-while-oil-agriculture-recoup-some
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected tariffs on China raise the risk of weaker US farm exports and a stronger dollar, which pressures grain and oilseed prices, while the dollar gain also pulls down energy prices.

## Read by commodity

- DXY: bullish ▲
- SOY: neutral
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-02-28 | [Euro falls to more than two-week low after Trump, Zelenskiy meeting \| Reuters](https://feedsoft.ai/events/26269-euro-falls-to-more-than-two-week-low-after-trump-zelenskiy-meeting-reuters.md) | -1.5% | -1.3% |
| DXY | 2022-03-10 | [Euro eases after ECB meeting, while dollar firms following inflation data \| Reuters](https://feedsoft.ai/events/9527-euro-eases-after-ecb-meeting-while-dollar-firms-following-inflation-data-reuters.md) | +0.2% | -0.5% |
| DXY | 2024-11-06 | [Dollar soars, euro tumbles as Trump wins US presidential election](https://feedsoft.ai/events/5806-dollar-soars-euro-tumbles-as-trump-wins-us-presidential-election.md) | +1.9% | +1.5% |
| DXY | 2024-11-06 | [US shares, Bitcoin hit record high and dollar soars on Trump win](https://feedsoft.ai/events/9520-us-shares-bitcoin-hit-record-high-and-dollar-soars-on-trump-win.md) | +1.9% | +1.5% |
| DXY | 2024-10-29 | [Dollar peaks against yen ahead of US election and economic data \| Reuters](https://feedsoft.ai/events/28079-dollar-peaks-against-yen-ahead-of-us-election-and-economic-data-reuters.md) | -0.2% | +2.1% |
| WTI | 2021-12-01 | [Oil prices sink again as traders use Omicron as an excuse to hit 'sell' \| Reuters](https://feedsoft.ai/events/6300-oil-prices-sink-again-as-traders-use-omicron-as-an-excuse-to-hit-sell-reuters.md) | +8.8% | +15.8% |
| WTI | 2023-03-17 | [Oil prices settle down, post big weekly losses on bank fears \| Reuters](https://feedsoft.ai/events/37045-oil-prices-settle-down-post-big-weekly-losses-on-bank-fears-reuters.md) | +2.4% | +21.0% |
| WTI | 2024-05-03 | [Oil settles down on US jobs data, steepest weekly loss in 3 months \| Reuters](https://feedsoft.ai/events/7229-oil-settles-down-on-us-jobs-data-steepest-weekly-loss-in-3-months-reuters.md) | +0.4% | -3.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/commodities-under-pressure-likely-trump-win-us-presidential-race-2024-11-06/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.