JP Morgan Chase: Gold is the commodity of choice for hedging against US elections
2024-11-05 09:23:52
Gold futures rose 0.2% to above $2,750/oz. JPMorgan analysts said in the report that gold is the commodity of choice to hedge against the upcoming U.S. election. JPMorgan said a Harris victory would indicate policy continuity and trend growth, while a Trump victory could lead to major policy changes. Therefore, if Republicans sweep the election under Trump, gold and silver could rise further under the influence of market uncertainty. JPMorgan said that regardless, gold should continue to be supported by structural bullish factors, including growing concerns about the increase in U.S. fiscal debt and support from the Federal Reserve interest rate cycle.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
摩根大通：黄金是对冲美国大选的首选商品Next article：
特朗普媒体科技集团(DJT.O)盘前涨超8%
