Gold futures rose 0.2% to above $2,750/oz. JPMorgan analysts said in the report that gold is the commodity of choice to hedge against the upcoming U.S. election. JPMorgan said a Harris victory would indicate policy continuity and trend growth, while a Trump victory could lead to major policy changes. Therefore, if Republicans sweep the election under Trump, gold and silver could rise further under the influence of market uncertainty. JPMorgan said that regardless, gold should continue to be supported by structural bullish factors, including growing concerns about the increase in U.S. fiscal debt and support from the Federal Reserve interest rate cycle.