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Why J.P. Morgan Is Bullish on Gold in the Second Half of 2019

Annie Gilroy
Why J.P. Morgan Is Bullish on Gold in the Second Half of 2019

Bulls versus Bears on Wall Street: Time to Buy Gold in 2019? In contrast to Bank of America Merrill Lynch’s bullish view on gold (GLD) in 2019, JPMorgan Chase (JPM) expects gold (NUGT) and silver’s (SLV) performance to remain to lukewarm—at least in the first half of 2019. Unlike BAML, JPM is neutral on gold and silver in the first half of 2019 and expects prices to hold between $1,200 and $1,250 per ounce.