Published on 13 Apr 2024 on Insider Monkey via Yahoo Finance
12 Best Precious Metals Stocks to Invest In Now
In this article, we will take a detailed look at the 12 Best Precious Metals Stocks to Invest in Now. For a quick overview of such stocks, read our article 5 Best Precious Metals Stocks to Invest In Now.
Precious metals are in the spotlight amid rising geopolitical tensions in the Middle East and burgeoning demand for gold in China and India. Gold is surging to new highs despite expectations that the Federal Reserve will have to decrease its target number of rate cuts this year or altogether postpone rate cut plans amid a stubborn inflation and strong jobs market. But precious metals investors are facing a quandary: despite seeing no major inflows in gold ETFs like iShares Gold Trust Micro (IAUM) and SPDR Gold MiniShares Trust (GLDM), gold futures are continuing to fly high. What’s pushing gold prices in 2024? One explanation given by many experts is the possible demand from China, where people are buying gold to protect their investments amid a decline in the real estate industry. A Wall Street Journal report recently quoted Chris Mancini, Associate Portfolio Manager of The Gabelli Gold Fund (GOLDX), who said that the current demand of gold is coming from physical buyers of the precious metal in China.
Precious Metals Outlook in 2024: Bear and Bull Cases