Gold prices may rebound after a sharp drop; Barclays suggests buying select gold mining stocks.

Gold prices have fallen nearly 25% since the escalation of the Middle East conflict, underperforming as a safe haven asset. Barclays notes that gold is close to its fair value estimate of $4,150 per troy ounce, signaling a potential rebound. The bank recommends investors consider adding exposure to specific gold mining stocks including Endeavour Mining, Hochschild Mining, Fresnillo, Newmont, and Agnico Eagle Mines as the market may recover.