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JP Morgan on Trump tariffs – reinforce their bullish view on gold

JP Morgan on the Trump tariff trade war:

  • reinforces their bullish view on gold
  • maintain their near-term bearish on base metals

LME base metals prices are likely to face solid near-term bearish pressure on

  • growth concerns
  • macro risk-off
  • USD strength

Gold 5 minute candles:

This article was written by Eamonn Sheridan at www.forexlive.com.

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