XM Australia's Peter McGuire said US President Trump wants to emulate the tariff king, William McKinley, the President in the 1880-90s, and wants to create an external revenue service for Americans. He is also keen to bring companies manufacturing in China to bring jobs back home.
McGuire anticipates positive news from the OPEC+ meeting and doesn't foresee additional supply cuts.
Goldman Sachs has urged investors to pile into commodities as most recession risks coursing through global markets are overblown in the near term, arguing that raw materials stand to rebound amid a profound energy crisis and tight physical fundamentals. Karunya Rao catches up with Peter McGuire of XM Australia to take stock of key trends playing out in this space and to know which commodities should be on the radar
Peter McGuire expects a further uptick in the Dollar index due to the hawkish stance of the Federal Reserve.
The crude price rise, according to him, would continue to drive volatility in the days ahead.
Watch the interview of Mark Keenan of Societe Generale and Peter McGuire of xm.com with Manisha Gupta on CNBC-TV18. They speaks about the current trends and the way ahead in the commodities market.
Watch the interview of Peter McGuire CEO of XM AUS and Bernard Dahdah Precious Metals Analyst at Natixis with Manisha Gupta on CNBC-TV18, in which they shared their views on gold demand and the way ahead for yellow metal.