Dear Investor, Gold Gold steadied near a two-month high on - TopicsExpress

Dear Investor, Gold Gold steadied near a two-month high on Monday as escalating violence in Iraq and geopolitical tensions supported the metals safe-haven appeal, though stronger equities and sluggish physical appetite looked likely to add pressure. With the higher prices, physical demand from top consumers China and India has been slow to pick up, adding to the gloom brought on by stronger equities. Asian stocks rose on Monday after Wall Street advanced to new highs and fanned risk appetite. . Oil Crude futures were trading close to nine-month highs above $107 a barrel on Monday amid mounting concerns over Iraq as Sunni insurgents moved towards Baghdad, seizing more towns on Sunday. crude for August delivery rose 40 cents to $107.23 at 0100 GMT, after closing at $106.83 in the previous session when Julys contract expired. Silver Silver is edging lower in late Asian trading as investors await the outcome of the June FOMC rate decision set to conclude later in the session. The event has sparked significant volatility for the precious metals in the past, which coupled with heightened geopolitical tensions leaves gold at a critical juncture. Recommendations Gold: Buy On Weakness Oil: Buy On Weakness Silver: Buy On Weakness Regards, Muhammad Ali Bhatti

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