Published on 3 Dec 2021 on Insider Monkey via Yahoo Finance
In this article we take a look at 10 best Canadian gold stocks to buy right now. You can skip our detailed analysis of these stocks and go to the 5 Best Canadian Gold Stocks To Buy Right Now.
High prices in 2020 boosted the gold industry to new heights, gaining significant attention from investors due, in part, to global uncertainty and low interest rates, making it a decent investment for protection against inflation. According to a report by McKinsey, the gold industry generated returns of approximately 33% as of late 2020.
According to a recent study, the global gold mining market is forecast to grow from $214.1 billion in 2021 to $249.6 billion by 2026, at a compound annual growth rate (CAGR) of 3.1%.