JPMorgan: Geopolitical conflicts may attract investors to favor gold and BTC

Golden Finance reported that analysts at JPMorgan said that escalating geopolitical tensions and the November presidential election are prompting investors to view gold and BTC as safe-haven assets, or "depreciation trades". Analysts say that this 'depreciation trade' is driven by multiple factors, including intensified geopolitical uncertainties since 2022, persistent concerns about inflation, massive government deficits in major economies, and weakened confidence in fiat currencies, especially in some emerging markets.