In this piece, we will take a look at the 11 best precious metals stocks to buy. If you want to skip our analysis of the precious metals industry and how gold is particularly relevant to the economy today, head on over to 5 Best Precious Metals Stocks to Buy. All that glitters is not […]
10 Best Precious Metal Stocks To Buy Now
In this article we take a look at 10 best precious metals stocks to buy now. You can skip our detailed discussion of the precious metals industry and its growth catalysts and go to 5 Best Precious Metals Stocks to Buy Now.
Long-term investors love precious metals stocks. The precious metals group – primarily consisting of gold, silver, platinum, and palladium – has an inherent worth, which makes it a safe-haven asset. Investors flock to gold, a top precious metal, during times of crisis. In August 2020, driven by the coronavirus crisis, gold price surged about 30% and reached the $2000 mark for the first time. However, gold prices are subject to market conditions, interest rates and supply-demand changes. Fitch recently increased its price target for gold to $1600 per ounce from $1,400 per ounce for 2021. However, rising yields and strengthening dollar is causing gold price to recede.