The Best Gold Stocks to Invest in Right Now
Gold stocks can be a great investment option for those looking to diversify their portfolio and hedge against market volatility. In 2023, the following gold stocks are worth keeping an eye on:
1. Barrick Gold Corporation (GOLD)
Barrick Gold is one of the largest gold mining companies in the world, with operations in multiple countries. The company has a strong track record of producing high-quality gold and is well-positioned to benefit from rising gold prices.
2. Newmont Corporation (NEM)
Newmont is another major player in the gold mining industry, with a diverse portfolio of assets and a solid balance sheet. The company has a history of delivering strong returns to investors and is well-equipped to navigate the challenges of the current market environment.
3. Franco-Nevada Corporation (FNV)
Franco-Nevada is a unique gold stock that offers investors exposure to the precious metal through royalty and streaming agreements. This business model provides a level of diversification and stability that sets Franco-Nevada apart from traditional gold mining companies.
These are just a few of the top gold stocks to watch in 2023. As always, it’s important to conduct thorough research and consult with a financial advisor before making any investment decisions.