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Emerging Inflation in US likely to boost Gold, Silver, Copper, Nickel

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NEW YORK (Scrap Register): A quicker inflation pace in the U.S. will give a helping hand to commodities, including the precious metals, JPMorgan Chase & Co. said in a report.

“Rising inflation is beneficial for commodities. In fact, metals, both base and precious, exhibit their best performance (both outright and volatility-adjusted) when inflation has reached the [Federal Reserve’s] 2 percent target and continues rising,” the bank said in a report published this week.

JPMorgan sees increased bets on precious metals, copper, zinc and nickel. The bank also projects that if this bull market continues within the metals space, it could mark one of the strongest periods for prices.

Rising inflation is very much expected this year, JPMorgan noted, citing improving U.S. wage data and January’s core consumer price inflation.

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