‘We are buyers of gold on weakness’: Yellow metal resilient as real rates surge, says Morgan Stanley

Gold appears resilient amid the recent surge in real interest rates, presenting a buying opportunity over the intermediate term, according to Morgan Stanley’s wealth-management business.

“Like equities, which have continued to shrug off the negative implications of rising real rates, gold GC00, which moves inversely to real rates and in turn to the U.S. dollar DXY, has remained extremely resilient,” said Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, in a note Monday.

“Regarding…