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Big Banks See Golden Age for Gold Under Trump
According to major financial institutions, gold is set to surge during President-elect Donald Trump’s second term. JP Morgan and ANZ–New Zealand’s largest bank–are predicting higher gold prices under the next administration, despite the yellow metal’s current pullback. Both banking giants expect investors to continue choosing gold as a protective measure against anticipated inflationary hurdles brought on by economic and geopolitical upheaval. Following the presidential election, gold prices fell from $2,743.98 to a relative low of $2,562.10. The yellow metal has clawed back most of that 7% drop, and prices ... (full story)