There is rising demand for gold as banking turmoil intensifies and investors look for a hedge against a "catastrophic scenario," JPMorgan said in a note. "The U.S. banking crisis has increased the demand for gold as a proxy for lower real rates as well as a hedge against a 'catastrophic scenario,'" JPMorgan strategists wrote. Another 2023 favorite is the technology sector, they added. JPMorgan described this strategy as the "long duration" trade, stating that it is growing in popularity. The trade means being overweight on gold, technology growth stocks, and shorting USD. The "long duration" trade is now a theme in ... (full story)