Global commodities review

As the global commodity market continues to experience volatility and uncertainty under the Trump administration, investors and analysts are closely monitoring the performance of key commodities such as gold, oil, copper, and uranium. John Haslett, Portfolio Manager at Graphite Asset Advisory, provided insights during a recent CNBC Africa interview on the current state of the market and the potential impacts of ongoing geopolitical and economic factors. Haslett highlighted the continued attraction of gold as a safe-haven asset in times of uncertainty, citing its upward trajectory in response to market turbulence. He also discussed the impact of Trump's policies on commodities like copper and uranium, noting short-term volatility but reaffirming the fundamental reasons for holding these assets. However, Haslett cautioned against investing in the oil sector, citing factors such as oversupply, weakening demand, and OPEC's decision to gradually increase production. With a focus on China's role in commodity consumption and economic growth, Haslett emphasized the importance of monitoring key indicators like the savings balance and consumer spending to gauge the sustainability of market momentum. The article delves into the complexities of the global commodity market and offers expert analysis on navigating the challenges and opportunities presented in the current landscape.