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

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JP Morgan on the Trump tariff commerce conflict:

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

LME base metals costs are more likely to face stable near-term bearish stress on

  • development considerations
  • macro risk-off
  • USD power

Gold 5 minute candles:

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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