It’s still a good time to invest in gold.
In fact, according to Kristian Hooper, Chief Investment Strategist at Invesco, “Gold prices will remain well supported through the rest of the year as rising recession and stagflation fears dominates sentiment throughout financial markets,” as noted by Kitco.com. “The Fed’s hawkish stance is helping to drive up real yields, which is traditionally negative for gold, a nonyielding asset. However, Hooper noted that investor fear, as equity markets fall deeper into bear-market territory, is driving safe-haven demand for gold.”
That being said, investors may want to keep an eye on Calibre Mining Corp. (TSXV: CXB) (OTCQX: CXBMF), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), Newmont Corporation (NYSE: NEM) (TSX: NGT), B2Gold Corp. (TSX: BTO) (NYSE: BTG), and Equinox Gold Corp. (TSX: EQX) (NYSE: EQX).