Published on 24 Feb 2024 on Insider Monkey via Yahoo Finance
In this article, we will take a detailed look at the 12 Best Gold Stocks Under $25. For a quick overview of such stocks, read our article 5 Best Gold Stocks Under $25.
Gold prices slipped recently amid indications from several Fed officials that the central bank won't show haste in cutting interest rates as inflation continues to remain stubborn. Gold prices reacted to this development negatively as historically a low-rate environment bodes well for the precious metal. However, long-term investors believe gold remains a solid option since sooner or later the Fed will begin to cut rates and there are several other catalysts that make gold stocks worth buying.
According to a report by World Gold Council, gold consumption in 2023 increased by about 3% to 4,899 tons, fueled by massive central bank buying and demand from OTC markets.