Gold Is Down 10% in Six Months: Morgan Stanley Says 3 Forces Could Support a Comeback.

Source: International Business Times

Gold prices have come under pressure as rising Treasury yields and renewed expectations for Federal Reserve interest rate hikes make non-yielding assets less attractive. Photo by Zlaťáky. cz Gold's recent retreat has taken some shine off one of the market's most closely watched safe-haven assets, but Morgan Stanley says the longer-term case for owning the precious metal remains intact.