JPM Likes EMEA Gold Miners

Bank Shifts Fresnillo to Top Pic

EMEA Gold Miners

Since reiterating our bullish view on the EMEA Gold Miners (Red, White, or Blue, the yellow metal still shines, 5 Nov’24), the gold price is +4%, yet Gold Miners are flat.

JPM Commodities Research still maintain a bullish outlook for gold over 2025 given inflationary pressures, tariff uncertainty, and geopolitical tensions. They see pote…