Buy 5 Gold Miner Stocks as Yellow Metal Price Regains Some Lost Ground
On Feb. 3, the price of spot gold recovered some lost ground after closing above $5,000/Oz. The price of the yellow metal declined sharply after hitting a record-high of nearly $5,600/Oz on Jan. 29. Heightened geopolitical conflicts and a declining U.S. dollar supported recovery. A weak U.S. dollar has increased demand for dollar-denominated bullion like gold.
Meanwhile, gold prices are witnessing a solid northward journey this year, benefiting stocks associated with the yellow metal mining. Year to date, gold price has risen nearly 15%. At this stage, it should be prudent to invest in gold mining stocks with a favorable Zacks Rank.
Five such stocks are: AngloGold…
