Gold Analysis Highlights 4 Investment Picks as Safe-Haven Demand Lifts GLD to $405.49
Updated
Updated · Yahoo News Canada · Aug 23
Gold Analysis Highlights 4 Investment Picks as Safe-Haven Demand Lifts GLD to $405.49
3 articles · Updated · Yahoo News Canada · Aug 23
Summary
$405.49 SPDR Gold Shares, $261.67 Agnico Eagle, $120.33 Newmont and $58.97 Barrick were highlighted as key ways to gain gold exposure amid financial and political uncertainty.
Gold’s safe-haven appeal is driving the interest: physical bullion can preserve value in sell-offs, while ETFs and miners can offer more liquidity and greater upside when gold prices rise.
Agnico stood out on operating momentum, with second-quarter net profit after tax jumping 60% to $1.5 billion even as volumes sold fell, helped by stronger gold prices.
Barrick’s case includes a recent Nevada Gold Mines settlement with Newmont and a planned year-end IPO of stakes in NGM, Pueblo Viejo and Fourmile, though some shareholders argued Newmont’s $1.95 billion payment was too low.
The broader trade-off is that mining stocks can outperform bullion but also carry company-specific risks including energy costs, geopolitics and execution, while GLD offers direct gold tracking with $130.3 billion in assets.