Think Gold Will Rally Back to $2,000? These 4 Stocks Could Be Huge Winners
AU – Gold mining stocks performed well last year as the COVID-19 pandemic weakened the global economy and investors piled into the safe haven asset. While the yellow metal started this year with some weakness, given an improving economic outlook and uptick in long-term Treasury yields, there is increasing optimism that gold could turn around on increased deficit-spending, which could be a harbinger of inflationary pressures. Hence, we think gold mining companies AngloGold Ashanti (AU), Gold Fields (GFI), B2Gold (BTG) and Yamana Gold (AUY) could witness significant gains.