Since the start of 2024, gold prices have risen from US$2,040 to US$3,375 today. Historically, the precious metal has been viewed as a store of value and a hedge against inflation. Moreover, gold has an inverse relationship with bonds and stocks, which further diversifies your portfolio.
Several factors have driven gold prices higher over the past 15 months, including central bank buying from China and India, multiple interest rate cuts from central banks, the ongoing tariff war, and geopolitical tensions.
In addition to buying physical gold or related exchange-traded funds, Canadian investors should consider holding quality gold stocks in their portfolio amid economic uncertainty. Here are two gold stocks you should add to your watchlist in April 2025.
Is this TSX gold stock a buy right now?
Valued at a market cap of $61.6 billion, Newmont (TSX:NGT) is a gold mining giant. The TSX mining stock delivered record free cash flow of…
