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How Political Turmoil Can Effect Global Commodity Prices

Politics are now more than ever affecting the global economy, with Trump’s administration contributing to the dollar’s tumultuous rise and fall and Brexit increasing the volatility of sterling, we live in a unique era whereby politics are dictating economics, not the other way round.

In this article, we’re going to focus on one aspect of the international economy, specifically global commodity prices such as the price of oil, and how they can be affected by political turmoil.
Gold
Gold usually doesn’t falter during political turmoil, in fact, it actually strengthens, take for example last year’s crisis regarding North Korea’s nuclear testing, that event actually boosted gold’s market value to the highest it had been in a year.
The price climbed by an entire 1% on a single day

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