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Gold stocks and ETFs to buy right now, according to the pros

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Barrick Gold Corp Nyheter

Newmont Corporation,Coeur Mining Inc,Hecla Mining Co

Gold is 'certainly still in the early innings from a multi-year perspective,' according to Wrise Group's Kevin Teng.

Macroeconomic uncertainties and mounting geopolitical tensions have given gold — the classic "safe haven" asset — a boost. Gold prices topped $2,400 an ounce in April as tensions in the Middle East escalated. Spot gold is currently trading around 12% higher over the year to date. Kevin Teng, CEO of wealth manager Wrise Group, said he expects the precious metal to yield substantive returns in the long term.

25, benefitting from strong production and higher sales as the world's largest gold miner. This, indeed, presents a promising outlook for investors seeking to capitalize on the bullish momentum in the gold sector," Teng said. Elsewhere, Will McDonough, CEO of merchant bank Corestone Capital, said he's betting on Coeur Mining and Hecla Mining , both of which are listed on the New York Stock Exchange.

 

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