FXStreet reports that according to the strategists at ABN Amro, the most likely outcome is that Biden wins the presidency and this result is set to benefit the commodity market.

“We expect that Democratic policies would probably result in a considerably stronger US economy in the coming years. This is positive for commodities in general overall, especially if Chinese growth is resilient.”  

“We also expect US real rates to remain negative or to decline further in 2021. This supports commodity prices due to the historical negative relationship between the two.”