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Time to increase allocation to gold - JPMorgan's Kolanovic
Equity markets in the U.S. and around the world remain overvalued and geopolitical risks continue to intensify, making it a good time for investors to increase their allocation to gold, according to JPMorgan Chief Market Strategist Marko Kolanovic. In the investment bank’s latest Global Markets Strategy report, Kolanovic noted that while markets are off their early October lows, the medium-term outlook remains negative with headwinds getting stronger and tailwinds weaker. “Still-rich equity valuations face increasing risk from high real rates and cost of capital, while earnings expectations for next year appear ... (full story)