JPMorgan bank says bull run in commodities has legs as inflation, China lockdowns whipsaw stock investors

South China Morning Post/Cheryl Heng/5-9-2022

grphic image of a bandwagon pulling investors aboard

‘Investors should buy commodities as a hedge against inflation and geopolitical risks, with a composite basket of raw materials likely to help protect their capital as stocks and bonds failed to offer sufficient diversification benefits, according to JPMorgan Private Bank. An index tracking 23 commodities from gold to crude, copper and soybeans across six different sectors tracked by Bloomberg could jump by 10 to 15 percent over the next 12 months, it predicts.”

USAGOLD note: Looks like JP Morgan has decided to join Goldman Sachs on the commodities bandwagon. It points to a number of concerns pushing the trend (a few of which are mentioned in the headline) saying they will keep the “emotional premium in gold alive.”

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