Gold Is on the Rise Again. 2 Mining Stocks to Buy Now.
Gold has soared past $4,300 an ounce. Agnico Eagle Mines and Alamos Gold are two gold mining stocks that show promise.
Gold Is on the Rise Again. 2 Mining Stocks to Buy Now.
Overview
On June 10, the spot price of gold was $4,060 an ounce. A week later, that price had jumped to more than $4,300, a 6% increase in just one week. The primary reason for the jump was that U.S. President Donald Trump said on June 15 that the U.S. and Iran had signed a preliminary agreement to end the war in the Gulf.
The news eased worries over global inflation and higher interest rates, which can make gold a less attractive investment. It also sent the dollar lower, making dollar-priced metals more affordable for holders of other currencies.
Details
Two gold mining stocks best positioned to benefit from a rise in gold prices are Agnico Eagle Mines (NYSE: AEM) and Alamos Gold (NYSE: AGI). Here are three reasons why I like these stocks.
Source
Originally published at www.fool.com.
