Gold to head higher, but uptrend stalled temporarily – JP Morgan Chase

Within the view of the cross-asset elementary technique analysts at JP Morgan Chase, gold costs are more likely to head increased amid a affected person Fed.

Key Quotes:

“The background to their view on gold consists of their expectations that the US Federal Reserve is probably going on maintain for charge hikes nicely into 2020.

Decrease actual charges are a part of the Fed’s technique to run a warmer economic system.

We predict gold’s uptrend has stalled briefly moderately than ended for the cycle.”

Additional Studying: Gold drops to 2-week low as Asia responds to current risk-on, 100-day SMA on radar

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