Quant Mutual Fund warns investors that gold has peaked out and has the potential to correct by 12-15% in dollar terms over the next two months. “However, our medium-term and long-term views are equally constructive and we reiterate that a meaningful percentage of your portfolio should be dedicated towards precious metals,” it added.
June is seasonally a bullish month for crude oil and downside is already exhausted, but upside could be meaningful if EM risk-off phase magnifies; a 10-12% move higher will not surprise us, the monthly release said.
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