European markets are heading for a negative open Thursday as momentum continues to decline.
Now is a good time to buy gold stocks, according to Morgan Stanley. Tensions in the Middle East, brought on by the Israel-Hamas war, had triggered a gold 'safe-haven' rally as investments in the precious metal picked up.
The rally has since fizzled and gold spot prices have moved up some 0.05% in the year to date. Notably, however, gold stocks underperformed gold prices by about 20% in the last three months, the investment bank's analysts said, naming several stocks to play the 'golden opportunity.' CNBC Pro subscribers can read more here. — Amala Balakrishner
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