Geopolitical uncertainty can push investors towards Bitcoin and Gold – says JP Morgan
Source Cryptopolitan
According to analysts at JP Morgan, the current war uncertainty around the globe and the US presidential elections can drive investors toward “debasement trade.” This means investors will consider gold and bitcoin more as safe assets.
“Rising geopolitical tensions and the coming U.S. election are likely to reinforce what some investors call the ‘debasement trade’ thus favoring both gold and bitcoin” Analysts at JP Morgan
While Bitcoin is facing selling pressure amid the rising tensions in Iran and Israel, gold prices have increased up to $2700 USD as of September 26th.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Single-Day Prices Surge Another 32%. How Severe Is the Volatility Challenge in Europe’s Natural Gas Market?TradingKey - On March 3 local time, European natural gas futures surged for the second consecutive trading day, driven by the production halt at QatarEnergy's core facilities. European benchmark natur
TradingKey - On March 3 local time, European natural gas futures surged for the second consecutive trading day, driven by the production halt at QatarEnergy's core facilities. European benchmark natur
The Pound Sterling (GBP) trades lower against its major currency peers, slides 0.3% to near 1.3360 against the US Dollar (USD) during the European trading session on Tuesday.
Gold (XAU/USD) catches fresh bids following the previous day's two-way price swings and trades with modest gains above the $5,350 level, during the Asian session on Tuesday.
West Texas Intermediate (WTI), futures on NYMEX, trades 2.3% higher to $73.00 during the early European trading session on Tuesday.
West Texas Intermediate (WTI) US Crude Oil prices reverse a modest Asian session dip to the $70.00 neighborhood and climbs to the $71.70-$71.75 region in the last hour.
