ASX 200 gold shares have struggled to outperform the market this year after an astonishing run in 2020.
Gold staged a rally into record territory between May 2019 and August 2020, where prices surged from US$1,300 to above US$2,050.
More recently, it’s been a frustrating time to be bullish on gold with spot prices grinding back and forth below US$1,900. While ASX200 gold shares might be making production and operational headway, gold prices have kept valuations at bay.
Morgans has undergone a review of ASX gold stocks under coverage, with a number of plays emerging as a buy.
Regis Resources Limited (ASX: RRL)
Regis holds a dominant position in the Duketon Greenstone Belt in the North Eastern Goldfields of Western Australia,…