Commodities Corner: This is what Trump did to gold, oil and other commodities in January

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Commodities finished nearly flat for the month as President Donald Trump helped jostle prices.

Commodities have generally gained since Donald Trump was elected president of the United States back in November, as his plans for infrastructure spending fueled a rally in industrial commodities such lead, palladium and copper.

Prices for those commodities saw sharp gains this month, but crude oil and other energy commodities suffered on the back of Trump’s promise to ease restrictions on drilling, which could lead to higher supplies in an already glutted market.

“The mixed price action between broadly higher metals and largely underwhelming performance of the energy complex has caused commodity indexes to end the month near the flat mark,” said Tyler Richey, co-editor of The 7:00’s Report.

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