Why Every Investor Should Consider These 2 Gold Mining Stocks
With the ongoing trade war between the U.S. and China, weak global manufacturing data, and the return of the inverted yield curve, recession fears have become more prevalent. As such, the market for traditional safe havens for wealth, such as gold, has seen a major resurgence in the past few months.
Gold prices reached a new high of $1,550.30 per ounce last week, hitting a fresh six-year high before settling back down to $1,508.20 per ounce. Since mid-April, the precious metal's price has gone up by 21.8%. With the potential for gold reaching the $1,600s and higher in the upcoming weeks, now is a good time for investors who haven't already sought exposure to the gold market to consider doing so.
Gold miners are also benefiting from rising gold prices, which increases profit margins as well as their stock prices. With gold reaching new highs not seen in years, many gold companies that have already seen impressive gains so far in 2019 are expected to break out into new highs in the months to come.
Source Fool.com
