Gold is JPMorgan’s top pick in the commodity space as they see a path to $2500 this year.
Natasha Kaneva, global head of commodities, spoke on Bloomberg TV today and laid out a path that includes a continued moderation in inflation, weakening jobs numbers and signs the Fed is cutting.
They have gold pegged as their #1 commodity this year and so far it hasn’t disappointed, hitting a record $2195 on Friday. It’s down $11 to $2162 today.
This article was written by Adam Button at www.forexlive.com.
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