Written by Aditya Raghunath at The Motley Fool Canada
With gold prices trading near all-time highs, it makes sense to add quality mining stocks to your equity portfolio in 2024. Historically, gold and interest rates have an inverse relationship. As investors expect federal banks to lower interest rates in the second half of 2024, gold prices should move higher.
Moreover, the yellow metal thrives during periods of volatility. In the near term, the global economy is expected to wrestle with headwinds such as sluggish consumer spending, geopolitical tensions, and tepid GDP growth, all of which might drive gold prices higher.
One small-cap gold mining stock you should watch closely is B2Gold (TSX:BTO). Valued at $4.4 billion by market cap, BTO stock is down 65% from all-time highs, allowing you to go bottom fishing and buy the dip. The pullback in share prices has also meant the gold mining stock offers you a…
