JP Morgan Chase: No matter who wins, if the price of gold corrects, it is a buying opportunity

"It's hard to be pessimistic about gold," said JPMorgan's latest research note in the run-up to the US election. "Regardless of who wins, a correction in gold prices would be a good buying opportunity," the bank said in its report. Gold trading is currently very active, and in the short term if the election result is unexpected, the market may be volatile. But JPMorgan believes that in the long term, gold still benefits from the Federal Reserve's interest rate cut cycle, central bank purchases and global currency depreciation trends. "These factors have supported gold prices over the past year and will continue to be the drivers regardless of the outcome of the US election," the bank wrote in the report. The report forecasts that if the Republican Party wins comprehensively, the price of gold is expected to rise by 7-10% in the next 1-2 quarters; even in the most conservative scenario - Harris wins and Congress is divided, although it may be corrected by 2-3% in the short term, there is still room for growth after that.