Crude oil, gold prices retreat amid Trump's re-election

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Crude oil (BZ=F, CL=F) prices are trading lower as the US dollar rises following President-elect Donald Trump's securing a second term in office. Markets are also weighing Trump's ability to help bring an end to the war in Gaza.

Meanwhile, gold prices are also retreating due to the potential for a trade war with China. This comes as Trump proposes potential 60% tariffs on Chinese goods.

Yahoo Finance Senior Business Reporter Ines Ferré breaks down the moves across the commodities market post-election.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Angel Smith