JP Morgan Chase: Short-term bearish on base metals and strengthening bullish view on gold due to U.S. tariff policy
2025-02-03 03:18:51
JPMorgan Chase said it is short-term bearish on base metals due to US tariffs and reinforces its bullish view on gold. London Metal Exchange (LME) base metals prices could face severe bearish pressure in the near term as economic growth concerns, macro risks subside and the dollar strengthens.
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