Global stocks struggled last week as Wall Street wrapped up its worst month since March 2020 . The MSCI World index declined around 2.4% for all of last week, as Friday capped off a negative month and quarter for all the major averages on Wall Street. Treasury yields also fell back slightly after a volatile week. The yield on the benchmark 10-year Treasury rose to 3.
"Gold recorded its best week since mid-August as Treasury yields continued to retreat. Rising geopolitical risks also saw some safe haven buying emerge," ANZ Research said in a note on Monday morning. Analysts covering this stock were bullish on it, with 65% giving it a buy rating, according to FactSet. They also gave it a price target of $7.82 — or about 50% upside.
Yeah. I think in tough times investors seems to trust more in natural resources like Gold, Silver, Coal, Crude Oil & Other Earth materials than technology and retail stocks.
$KCN.asx kingsgate, the re-opening monster Thailand Gold mine is called the King 👑 for a reason..... It is the King 👑🏅🏅
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Source: CNBC - 🏆 12. / 72 Read more »