JPMorgan: Gold is the preferred commodity for hedging against the US election
gold futures rose 0.2% to above $2750 per ounce. Morgan Stanley analysts stated in a report that gold is the preferred commodity to hedge against the upcoming US election. Morgan Stanley indicated that a Harris victory would signify continuity of policy and trend growth, whereas a Trump victory could lead to significant policy changes. Therefore, if Republicans sweep the election under Trump's leadership, gold and silver may continue to rise under the influence of market uncertainty. Morgan Stanley stated that in any case, gold should continue to be supported by structural bullish factors, including increasing concerns about US fiscal debt and support for the Federal Reserve's rate cycle.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gaming Tokens Gain 28%, SAND, APE, and AKsS Lead Rally
Blockchain to be used to count votes in Romanian presidential elections
Sui Blockchain's Record Performance Sends Token Price to $3,46
CYBRO Shows 500% Growth Potential, Eclipsing Solana and Toncoin