JPMorgan Chase: Gold Down 17% From January Peak, Longer Conflict Duration Strengthens Bullish Case

Gate News reports that on March 25, JPMorgan stated in its latest report that despite the strengthening of the US dollar and widespread risk aversion in the market, gold (a traditional safe-haven asset) has fallen about 17% from its January peak. However, historically, such pullbacks are usually just short-term buying opportunities. The institution noted that the longer geopolitical conflicts persist, the stronger the case becomes for bullish gold.

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