Trump’s defeat will change the market game in 100 days: gold and silver will earn, crude oil will become cheaper!

Following the results of the midterm elections, the US President’s power in Congress will be significantly reduced. Trump will no longer be able to make decisions with the same impunity that he used to make them. It is now expected that in the coming days Trump will move towards ending the ongoing war with Iran altogether. If this happens, the next 100 days will be very important not only for America but also for India and the rest of the world.

If experts are to be believed, crude oil prices may fall by more than 20 dollars per barrel in the next 100 days after the results of the US elections. Yes, once the war with Iran is over, the supply of crude oil will increase, the Iraq crisis will be over. On the other hand, the prices of both gold and silver may also increase after the fall in inflation. Once here is important. Inflation still bothers people.

All major central banks of the world may increase interest rates in December. In such a situation, pressure can be seen in the prices of gold and silver. Even then gold prices may rise by 20 percent and silver by 45 percent from current levels. However, the price of gold and silver is increasing in the international market. Let’s also tell you what kind of levels can be seen in crude oil prices and gold-silver prices in the next 100 days.

Oil will drop below $80 in the next 100 days

Crude oil prices are likely to fall after President Donald Trump’s admission in the US Parliament. Experts estimate that the price of Brent crude oil is likely to fall below 80 dollars per barrel in the next 100 days. This means that a drop of around $25 per barrel could be seen from current levels. According to Bloomberg, currently the price of Brent crude oil is seen at 104 dollars per barrel. On the other hand, American crude oil prices are trading at $96 per barrel. In such a scenario, the next 100 days may see US oil below $70 per barrel.

The main reason for the decline in crude oil prices

1. Iran War Likely to Decline: Lacking a majority in the US Parliament, the US President will have little decision-making power. In such a situation, it is not possible for Iran’s war to continue for long. The war with Iran is likely to end in the coming days. The effect of which will be seen in crude oil prices.
2. Full Flash Opening of the Strait of Hormuz: After the end of the war with Iran, the opening of the Strait of Hormuz is considered certain. In such a scenario, more than 20 percent of the world’s food supply would open up. Due to which there will be no problem and hassle in worldwide shipment. Crude oil prices will fall due to opening of shipment routes.
3. Increase in supply: The opening of the Strait of Hormuz and the withdrawal of American and Iranian forces will end the disruption of sea supplies. Due to which the supply of crude oil and gas will increase. Crude oil prices will remain low in many countries due to good supply in world markets.
4. Increase in production: Production has already been increased by oil producers in the Middle East and the rest of the world. But it may see a further increase in the coming days. According to experts, OPEC and non-OPEC countries can now increase their production further. So that the price can be controlled. Also, we can recoup war damages as soon as possible.
5. Reopening of Middle East Refineries: The war has damaged many refineries from Qatar to the UAE and Saudi Arabia. Work has been started quickly to fix them. Many damaged refineries are likely to restart in the next 100 days. Due to this, the supply of gas and oil will increase and prices will decrease.
6. Possible relaxation of sanctions on Iranian oil: This is a big question. Iran’s image isn’t much better for Democrats, even as Trump’s approval rating in the US Congress has fallen. However, the embargo on Iranian oil is likely to be lifted for some time to ease inflation in the US and the rest of the world.

What is the price of crude oil?

If we talk about crude oil prices, Brent crude in the Gulf countries is trading at $103.75 per barrel with an increase of 0.14 percent. However, since October 28, crude oil prices have fallen by 10 percent. On the other hand, the price of American crude is seen at $96.19 per barrel. It has also seen a decrease of 11 percent. The price of Indian basket crude is seen at 105 dollars per barrel in the month of November. While in October this figure was seen at $119 per barrel. This means that the Indian basket has seen a decline of about 12 percent.

Where will gold and silver be in the next 100 days?

The effect of President Trump’s non-approval in the US Parliament will be seen not only on the prices of crude oil but also on the prices of gold and silver. Its effect has started to be seen in the futures market of India along with the international market. Gold and silver prices are witnessing an increase of more than 2 percent in both the markets. According to commodity experts, gold and silver prices will rise due to less geopolitical tensions. In the next 100 days, the price of gold may increase by 20 percent. On the other hand, an increase of about 45 percent can be seen in the price of silver.

How far can gold and silver prices go in foreign markets?

1. According to experts, the price of gold in foreign markets may reach 4500 to 4800 dollars per ounce in the next 100 days.
2. This means that the price of gold may see an increase of 500 to 800 dollars per ounce from the current level.
3. Currently, the spot price of gold in the US New York market is $4,021.46 per ounce with an increase of about $92 per ounce.
4. On the other hand, the price of gold in the Comex market has increased by $98 to $4,037.50 per ounce.
5. If we talk about silver, it can see an increase of up to 45 percent in the next 100 days.
6. This means that the spot price of silver in foreign markets may go up to $72 to $75 per ounce. This means that the price could see more than $25 an ounce from current levels.
7. Currently, the price of gold in the spot market of New York is close to 52 dollars per ounce with an increase of 3.68 percent.
8. While the price of silver in Comex market is trading at 51.83 dollars per ounce with an increase of more than 4 percent.

How much will be the impact on gold and silver in India?

If we talk about India, a good rise can be seen in the prices of gold and silver. If it is assumed that the price of gold in India’s futures market can increase by 20 percent, the next 100 days may see the price of gold at Rs 1.65 to 1.70 per 10 grams. On Tuesday, the price of gold was seen at Rs 1,39,452 in the futures market. Where on Wednesday, the price of gold has seen an increase of about Rs 3100 and the price has reached Rs 1,42,550 per ten grams.

If the price of silver increases by 45 percent in the next 100 days, the price will be Rs. 2.60 to 2.80 lakh which could reach between Tuesday’s closing price of Rs. 1,79,698 per kg. Currently, the price of silver has seen an increase of Rs.7,502 and the price has reached close to Rs.1.87 lakh.

What do the experts say?

Ajay Kedia, Director, Kedia Advisory said while talking exclusively to TV9 Hindi Digital That the price of crude oil may fall below 80 dollars per barrel in the next 100 days. But we must not forget that oil reserves are at a 40-year low. It will take a lot of shopping to fill it. But on the other hand the production has increased and the production may increase further in the coming days. Speaking on gold and silver prices, he said that they will increase, but due to inflation, many countries except the Fed may raise interest rates in December. Due to which there may be some pressure. Even then, the outlook remains better for gold and silver.