2023-11-09 15:41:13
Published on Nov. 9, 2023 at 4:41 p.m. Updated on Nov. 9, 2023 at 4:48 p.m.
For Morgan Stanley analysts, now is a very good time to buy stocks related to the gold sector. With tensions in the Middle East, driven by the war between Israel and Hamas, gold has regained its status as a safe haven and the ounce recently peaked at $2,009.40 on October 27. It has since returned to $1,958 this Thursday.
However, gold stocks have not followed suit. They underperform the evolution of physical gold by 20% over the last three months, underlines Morgan Stanley, according to a note relayed by the CNBC news channel. This is therefore a market opportunity, according to the American investment bank.
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