JPMorgan: Gold is the preferred commodity for hedging against the US election

11/05 09:24

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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.

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