Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Overall commodity returns have been lackluster this year, and face more poor performance in 2018, according to JPMorgan Chase & Co.
To make money, traders will need to pick assets, such as agriculture, and play short-term trends to take advantage of price swings, rather than buying and holding a broad basket of commodities, wrote analysts including John Normand in the bank’s outlook for 2018.
The Bloomberg Commodity Spot Index, a measure of performance that doesn’t account for rolling futures contracts, is up 5 percent in 2017 — trailing returns in global equities
JPMorgan’s forecasts for 2018 include:
Story by Lynn Thomasson