The country risk index for Argentina, calculated by J.P. Morgan, surged to 703 points last Friday, the highest level since 2026, marking a significant increase from the 402 points recorded on July 10.
On Tuesday, House Select Committee on the Chinese Communist Party Chairman Moolenaar urged JPMorgan Chase, Goldman Sachs, and Morgan Stanley to stop participating in Shein's initial public offering in Hong Kong, accusing its supply chain of involving forced labor.
JPMorgan cut its gold target price to 4300 on July 3.
Between 2008 and 2016, 15 JPMorgan traders systematically spoofed the precious metals markets, resulting in $920 million in fines from U.S. regulators and criminal charges against three traders.