JPMorgan says more investors looking at gold, cites hedge against 'catastrophic scenario,' banking crisis JPMorgan gold investing
There is rising demand for gold as banking turmoil intensifies and investors look for a hedge against a"catastrophic scenario," JPMorgan said in a note.
The"long duration" trade is now a theme in May. And it is"relatively attractive." In the case of a deep U.S. recession, its upside is exponential. And in the case of a mild U.S. recession, its downside risk is limited, the firm said.
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