Commodities Report: Winners and Losers in the Global Market

The U.S. remains a major player in the global commodities market, particularly in liquefied natural gas and oil exports to Europe. However, lithium prices have suffered due to excess supply and weak demand for electric vehicles. Gold prices have risen, driven by potential rate cuts by the Federal Reserve and increased demand from central banks. The national debt in the U.S. has surpassed $34 trillion, potentially impacting gold investments. The solar market has experienced significant growth, benefiting silver. The upcoming 2024 election is expected to lead to heightened political tension.