📢NEWS📢: Canadian Gold Stocks – Top TSX Gold Stocks for March 2024
link: stocktrades.ca/...
Investing in precious metal mining stocks is an extremely popular endeavour. And while some industries are more volatile than others, like lithium miners, gold investors finally have something to cheer about.
After years of underperformance, gold has finally broken out to the upside and is regaining its swagger as a stable metal.
The S&P/TSX Global Gold Index has outperformed the TSX Index in 3 of the last 4 years. The driver of this is no doubt the global pandemic followed by large-scale inflation. However, that is what many hold gold and gold stocks for in the first place, uncertainty and high inflation.
Considering gold makes up a ton of Canadian stocks on the TSX, it's essential for the Index that they succeed.
Why have physical gold and Canadian gold stocks generally made a comeback?
Market volatility, especially with the bear market in 2022 and somewhat in 2023. We watched Canadian tech stocks soar during lockdowns and ultra-low interest rate environments.
Market volatility, especially with the bear market in 2022 and somewhat in 2023. We watched Canadian tech stocks soar during lockdowns and ultra-low interest rate environments.
Why have physical gold and Canadian gold stocks generally made a comeback?
Market volatility, especially with the bear market in 2022 and somewhat in 2023. We watched Canadian tech stocks soar during lockdowns and ultra-low interest rate environments.
Many investors believe it could be golds turn in a high inflation, high rate environment.
If you're new to buying stocks in Canada, you may not know that gold bullion has long been considered a haven for investors in times of uncertainty.
In the face of recent volatility and uncertain geo-political environment, investors have begun to once again warm to the precious metal. This bodes well for the top gold stocks and the price of gold.
There is also another catalyst that can support gold's price. Industry experts believe we reached peak gold in 2017, which means that moving forward, world gold extraction will decline. There has been a significant decrease in exploration, and the lack of reserve replacements has experts leaning bullish.
all the article: stocktrades.ca/...
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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