With Fed eyeing inflation overshoot, JP Morgan likes gold, TIPS
“They like gold on the idea that the Fed will erode real yields to spur the economy, undermining the dollar. . . ‘While we may continue to hold various trades that benefit from the broader macro and policy context, the ones less likely to be unwound until much later in the inflation cycle are these two,’ JPMorgan said, referring to gold and TIPS.”
USAGOLD note: JP Morgan looks to be on the gold bandwagon for the long term.