Gold is an incredibly popular market. It is a relatively stable asset for investment. The market has seen some big moves over the years. We shared a list of Best Gold Stocks for our readers previously.

Effective Gold Trading Strategies

A few techniques that prove helpful in trading gold are

Relative Strength Index (RSI)

Relative Strength Index – RSI has been explained in detail here at Relative Strength Index – Basic and RSI Strategies. RSI gives investors the confidence to invest.  A value above 70% means the market is pretty heated and below 30% means the sell-off of gold has gone too far and is expected to stop. The only issue with RSI is that in a highly trending market RSI can put you out of position too early or make you enter the position too early. Another key use of RSI is to determine whether a cycle is complete because a 5 waves impulse cycle needs to end with momentum (RSI) divergence and a corrective cycle needs to end without momentum (RSI) divergence). One of the companies we researched use this technique with perfection to determine if a cycle is over or not and hence allows trades to maximize their profits and also keeps them from entering too early.

Moving Averages

Moving averages work well in trending markets. It is one of the simplest technical indicators to look out for. If the price of gold falls below the moving average, then it’s a signal for sale. Similarly, if the price of gold falls above the moving average it is a buy signal.

Read: Best stock signals and providers.

MACD Indicator

Moving average convergence divergence (MACD) is based on 2 trend lines. One trend line is the difference between the 26-period exponential moving average (EMA) from the 12-period EMA. The second line is a nine-day moving average of the MACD line. The crossover between these 2 lines gives buy and sell signals.

Swing Sequence

Impulsive sequence runs in 5,9,13, 17 and so on and corrective sequence runs in 3,7,11 and so on. Understanding and properly counting the swing sequence can result in good trading opportunities.

1. Elliot Wave Forecast
2. Signal Skyline
3. Gold Signals
4. HuracanFX – Gold Group
5. AltSignals
6. Gold Trading Signals – By Marcus
7. MYC Forex & Commodities Signals
8. Gold FXCC
9. Profits Hunter signal
10. Loi’s Gold Trading Room
11. Forex Gold Alerts
12. Gold Pattern
13. Apex bull Signal
14. FX London
15. Gold Signals.io
16. Gold Predictors
17. Gold Trading.net

1. Elliot Wave Forecast

Elliott Wave Forecast is one of the largest technical analysis firms in the world. Based on its recommendations and customer reviews, Elliot Wave Forecast has now become a renowned name in the financial market. Their team of more than 10 analysts is dedicated to providing comprehensive forecasting with forex and trading educational courses to its members.

Elliot Wave Forecast takes pride in its disciplined methodology. Their right-side system along with blue boxes is one of the key components of its trading signals and the secret behind their long-term success with its members. The team of analysts can guide the members and subscribers to position themselves for proper entry and exit in the markets. Moreover, their customer support and 24-hour availability to its members make this firm the best gold trading signal provider.

Key Features:

Their typical Gold trading signal follows the logic below:

• Identify the trend, also known as Right Side.
• Use Green Right-Side tag for buying and Red-Right side tag for selling.
• Well defined entry and stop loss levels. Entering the trade at 100% extension with stop above or below 161.8% extension.
• Blue box area is a high probability and low risk entry area and about 80% of the times will produce a reaction in 3 waves at least which allows trades to eliminate risk on the trade
• Signals include Entry, Stop and take profit target.
• Trade management once trade is filled.

Below is an example of blue box chart in Gold which resulted in a trading signal and was presented with Entry, Stop and Take profit target to members.

Also read: Best Stock Forecasts & Prediction Services

Gold 240- minute chart from June 4, 2021

A move into blue box was expected before rally resumed.

 Gold 240-minute chart from Jue 14, 2021

Price reached the blue box as expected and rallied $70 in the next 10 days resulting in nice profits and allowing traders to eliminate risk on the trade.

Elliot Wave Forecasts offers a lot of content and analysis for free to its subscribers. Their team of analysts is regularly reviewing Stocks, Commodities, best ETFs to buy, Forex, Bonds, Crypto-currencies to invest and sharing their valuable forecasts with its subscribers. Get started with your 14-day Trial. For detailed analysis, trade setups, technical videos their membership packages start from $99.99/month to $399.99/month. If one needs subscription only for Gold, Silver, Copper and Oil along with Forex majors, some majors Indices and US 10-year note, then subscription prices range from $99.99/month to $199.99/month.

Elliot Wave Forecast provides expert advice and opinion to its members and has emerged as one of the best forecasting websites. Their frequency of charts and detailed analysis makes Elliot Wave Forecast unique in the market, hence one of the most preferable Gold Trade Indicators and trusted by 10,000+ successful traders.

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2. Signal Skyline

Signal Skyline profits from its subscriber’s investments. They have a personal approach towards the investment of each of their subscribers. Hence their team always goes out of its way to assist its members to help them make the most profitable choices. They have an easy policy to start trading with them:

• Sign up
• Receive Signal
• Take profit

They provide daily signals and forecasts which are easy to comprehend for every member.

Signal Skyline offers great plans at a great price. Their plan prices start from $49/month to $757/month. They even offer a trial 7-day plan for $7. This is a great offer for investors who have doubts about their service and can buy the trial plan and get gold trading signals.

Signal Skyline offers great service at a very convenient price. Their simple approach towards customers gives them an advantage over their competitors in the market. Check out the best NFT stocks to buy now.

3. Gold Signals

Gold Signals is one of the renowned names in gold trading signals who are famous for their Safe Point Analysis. This approach towards Gold Trade Analysis helps them identify the most accurate BUY/SELL Limit Orders for spot gold trading. Their Limit orders enable traders to take quick action and save time on reading and analyzing charts. Gold Signals reflect complete transparency in their signals. They publish their trade signals publicly (after some time)

The team of Gold Signals is operating in the Gold Trade for a very long time. They have a history that reflects their amazing performance: they were trading in the gold market during the bull market in 2012 and the bear market in 2013.

They follow the below criteria in their gold trade signals:

• It should follow the correct gold trend
• It has a clear price entry. And a target with a good risk and reward ratio
• It has a well-defined price stop level and time stop level

Gold Signals paid packages start from $149/month to $349/month. The team provides extensive support to its members and treat each member as a VIP. Investors with beginner’s level knowledge about Gold Trading are given extra attention and more support. Signals are regularly sent via SMS and Email. Gold Signals has created a name for itself through its service in the market amongst the best Gold Trading Signal Providers.

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4. HuracanFX – Gold Group

HuracanFX – Gold Group is a telegram group, which predominately offers gold signals. They have a good reputation for offering free gold signals also which enables investors to judge the feasibility of buying their paid packages. HuracanFX displays its trade setups to its members. This helps the members understand the foundation of the signal provided.

Their yearly package offers the below features at $44

• Learn how to preserve your capital
• NO Overtrading
• Account set up advice ( account type for best results )
• Trade alongside institutional price movements
• Flexible payment plans
• ONE TIME Fee to last your 12 Months

HuracanFX is a group where subscribers get regular trading signals. It is surely a reliable Gold Trade Signal Provider with a lot of free content for its member. This is a notable service of HuracanFX due to which it stands out amongst other Gold Signal Indicators.

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5. AltSignals

Alt Signals is one of the most popular Telegram Gold Signal Indicators. They not only provide trading signals but are also known for guiding novice traders to polish their trading skills. Alt Signals are known for their in-depth analysis and preference of quality over quantity. All their signals are backed by research and the expert opinion of their team. Their team of traders is strategic specialists who offer personal help and assistance to members who require management tactics for their investment portfolios.

At $280/month, Alt Signals provide the following features in its plan:

• Daily Signals
• 1000 pips every month
• Breakout Trades
• HQ Signals
• No PUMPS
• No overtrading

In addition to the above features, members get access to

• Swing and Breakout Signals
• Trusted Signal Provider
• Cornix Configuration Tutorial

Alt Signals have been appreciated by its members because of its excellent customer support. Their up-to-date information and up-to-date technology are the reason members of this Gold Trading signal group are satisfied.

6. Gold Trading Signals – By Marcus

Gold Trading Signals is a telegram group that is most popularly known for keeping its members regularly updated to world economic conditions which have a direct impact on gold prices. Moreover, their frequency of sharing trade setups is high, which makes it popular amongst traders. A higher number of trade setups enable traders/investors to gain a better understanding of how gold prices shift and when to make a profitable trade.

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7. MYC Forex & Commodities Signals

MYC Forex & Commodities Signals provide profitable gold signals along with forex signals. The main focus of MYC is to help its members generate consistent and sustainable returns. Hence, members of MYC can trust the team with their predictions which can earn them good profits. MYC shares market and technical analysis report daily. This helps traders better understand the trades and predictions of the analysts. Also, this helps traders earn better knowledge of the market. Also read: Best Trading and Forex Signal Providers

They have a free channel for all subscribers. Members can join this group to judge the quality of their signals and services before actually investing in their premium plan. Their paid plans start from $90/ month to $750 for a lifetime membership. Their premium customers get 24/7 customer service. And by this, they mean 24 hours a day and 7 days a week, irrespective of the time zones the traders belong to. The team assures all the queries of members are promptly responded

8. Gold FXCC

Gold FXCC is a global network that has been helping investors gain better knowledge of the trading in the forex and commodities market. They are a real-time telegram group that provides Gold Trading Signals to its members. They take pride in enabling their members to learn the skill set that can change the way they trade. Gold FXCC also provides one of the best trading experiences to its members.

Gold FXCC provides a full in-depth analysis of all trades along with every technique their analysts use to spot trends, identify opportunities and key areas in the market. They operate in 14 plus countries.

Their paid plans start from $49/month to $300 for one year. Their paid members also get access to 24/7 customer support.

9. Profits Hunter Signal

Profits Hunter signal is a Telegram channel. It sends high-quality gold trading signals on a daily basis. It sends about five signals on daily basis. But one limitation of this telegram channel is that not every signal performance is acutely accurate. In order to send 5 signals per day, this group’s signal quality has experienced a downfall.

In addition to it, the group lacks educative material for beginner gold traders. Therefore, members who are there to learn and trade along the way are not suitable for this platform. 

However, for expert traders, the group provides ample signals. The regular traders can act upon the multiple signals received during the day and get ideas about profit generation from gold trading.

10. Loi’s Gold Trading Room

This is another gold trading signal provider on Telegram. It provides trade setups and charts that are posted in the free group. The charts are incredibly precise and clear. It is an excellent platform for novice traders as they can better understand the ideas behind them.

This channel provides real-time signals which are posted with Entries, Stop loss (SL), Take profit (TP), and targets. Also, it offers real-time technical analysis of pairs traded with charts not available publicly. In addition to it, Loi’s Trading Room provides private charts which are only for subscribers.

In addition to signals, it also provides educative material about risk management. Alongside, every trade idea given is of good risk-reward. This means the take profit targets are always more than the stop loss.

However, the free signals it gives out are very few, making it difficult to weigh the dependability and accuracy of the signals. Therefore, it gets difficult to identify how accurate its paid signals are. 

On the other hand, this group is an excellent source of information about the latest updates and ongoings of the gold market. And how likely these factors will affect gold prices. Therefore, it eliminates the need for a trader to keep up with the latest news and updates.

11. Forex Gold Alerts 

Forex Gold Alerts provides gold and silver forecast signals for Gold spot markets on daily basis. It assists its members in Gold Trading by providing accurate Forecast signals. Forex Gold alerts send gold signals twice on a daily basis in both sessions and the short-term forecast. 

It offers:

• A free trial subscription:

In this trial subscription, Forex Gold Alerts offers

• Daily Gold Forecast Alerts
• Daily Silver Forecast Alerts
• Monthly Gold Analysis
• 50 to 60 Signals per month
• Basic Support by Email

• Basic Subscription:

In this basic subscription, Forex Gold Alerts offers

• Daily Gold Forecast Alerts
• Daily Silver Forecast Alerts
• 50 to 60 Signals per month
• Monthly Gold Analysis
• Basic Support by Email

• FGA Elite Subscription:

In this trial subscription, Forex Gold Alerts offers

• Daily Gold Forecast Alerts
• Daily Silver Forecast Alerts
• 50 to 60 Signals per month
• Monthly Gold Analysis
• Priority Support by Email

It offers educative material on its website, alongside trade signals. The one thing that makes this website unique and adds to its credibility is it gives a detailed record of its past performance. Users can easily keep track of the signal’s prior performance and decide upon paid subscription.

12. Gold Pattern

Gold Pattern is another renowned name in the gold markets. 

It also provides knowledge and basic guidelines about how to execute trades and how to make the best use of trade signals. It provides guidelines about the best currency to trade, the best technical indicators and charts to use in gold trading, and also suggests the best pairs to trade. 

In its paid gold signals, it specifies the entry point, to sell by market/buy by the market at spot price. All signals type order is (Market Execution) Execute immediately at the best available price. It also specifies the Take profit and Stops Loss.

Gold Pattern sends 1 – 5 gold signals every week. The Accuracy of its Gold signals is around 70 – 80% and its gold signals’ average profits are (600 – 1600) pips monthly.

13. Apex bull Signal

Apex Bull signal is a telegram channel that has gained quite a name for itself because it has been offering some of the best gold signals over the last years. Its founder is a Wall Street pro and has built a respectable name for himself with his telegram channel Apex Bull Signal.

ApexBull has a lot of educative material and provides knowledge on a variety of financial topics. These help traders carry in their gold trading. The approach of Apex Bull is not only limited to gold trading but also to other markets. It offers advanced and unique trading strategies for investors. Furthermore, along with sharing gold signals with the community, Apex Bull offers one of the most advanced forex trading courses on the internet

14. FX London

FXLondon is a UK-based leading Gold, Forex, and US30 signal provider. 

It has a combined trading experience of 15 years making them one of the most experienced and trustworthy communities around. They are an excellent source of gold trade signals for the long term. 

It gives quick, accurate, informative daily signals. Their VIP channels produce very impressive results, often securing upwards of 10,000+ pips every month. It offers affordability, simplicity, activeness, and customer support inside its signal channels and community.

It offers educative material which helps sharpen the trade skills of investors and they get to learn from one of the best in the industry.

Overall FxLondon Provides

• Daily short-, medium-, and long-term trades
• Great Customer Support
• 87% VIP Signals accuracy
• Successful Mentorship

15. Gold Signals.io

Goldsignals.io are a team of industry-leading traders, educators, and decision-makers. They started in 2018, tackling the toughest trade decisions, educational content, and trading strategies for the most sophisticated traders. They are dedicated to helping individuals who want to convert their dreams into reality. 

GoldSignals.io focus on accuracy rate, with no over-trading.  As well as this they focus on a good Risk to Reward Ratio. This means safe and consistent profitability for all traders. They provide signals every day and, in most cases, the team at Goldsignal.io don’t over-trade. They prefer high quality over quantity. This signal provider has more than 5 years in trading and 14 years in trading together. Their business is fast growing and members from more than 180 countries and counting!

Goldsignals.io is run by a team of highly experienced traders. They provide the education their members need to make consistent and profitable trades from day one, with proper risk management principles!

They also offer forex signals and most months the team at gold signals tends to do well over 1000 pips in profit which stands for percent in point. This is a measure of movement in the forex markets, pips for different pairs have different values.1000+ pips monthly will generate at least 5-10 % profit monthly minimum with a safety risk size. 

They initially offer their members to start practicing on a demo account which is like fake money and then move to a real account once they understand the platform and learn from their mistakes. Once the members are ready, they suggest starting with over $300+ or $500+ This will give you a good amount to profit on each month as a beginner but as a more serious trader you should be looking to trade with 10-100k+ to make enough to cover your full-time income, remember making 5-10% a month seems small but on big cash, it adds up quickly with compounding, banks give you 5% a year! 

16. Gold Predictors

Gold Predictors is founded by Dr. M. Umair, an independent financial analyst with a single purpose, and that’s to help educate everyone about the best ways to invest and trade in Gold and Silver. The founder has multiple years of experience in this field. He started sending emails to those interested in getting financial information, and those members eventually asked for a dedicated, online tool that would provide everything in a simple, appealing manner.

Gold Predictors is offering a web-based app where you can receive trading signals, free and premium articles, as well as all the content you need to stay up to date with trading information. Thanks to Gold Predictors, you get to stay educated in the ever-shifting world of financial trading, and they are constantly pushing the boundaries to deliver you an incredible experience every time.

They offer assistance to all types of traders. Whether you are new to the gold/silver trading world or a veteran, we are here to provide you with comprehensive information. At Gold Predictors, they can help short-term traders, and long-term investors, but also commodity traders and people in the Forex field as well.

17. Gold Trading.net

Goldtrading.net is a leading source of news and information for traders and investors interested in physical gold bullion and gold stocks. They aim to provide our readers with accurate and timely information, as well as in-depth analysis of the gold market, to help them make informed investment decisions.

Their website covers a broad range of topics related to gold investment, including market trends, price analysis, investment strategies, and news and events that impact the gold market. Their team of writers is committed to providing insightful and actionable content that can help our readers achieve their investment goals.

Their website covers all topics related to gold investing, including market trends, investment strategies, as well as the news and events that impact the gold market. The management are committed to providing insightful and actionable content that can help our readers.

They provide information about :

• Gold Stocks
• Gold ETFs
• Gold Bullion
• Gold Trading Signals

Conclusion:

Using Gold Trading Signal Providers is a smart approach for traders. This enables them to get access to detailed reports, in-depth analysis, and get regular updates of the Gold Market. However, it is very important for you as a trader to select the signal provider that is the right one for you. This list of “Best Gold Trading Signals and Providers” has been carefully selected after scrutinizing their quality of signals, trading strategy, their research and analysis, their customer service, the frequency of signals, risk and money management guidance and value for money. We recommend all our readers to do their research and comparison before investing their money in the Best Gold Trading Signal provider.

The list of providers were researched by Shayan who is an experienced freelance researcher on Financial Markets.. All products listed were reviewed based on the aforementioned criteria and solely based on his independent views and opinions.

Disclaimer: None of the information published in this article should be construed as investment advice. Article is based on author’s independent research, we strongly advise our readers to always do their due diligence before investing.

 

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Gold stocks are stocks of companies and funds focused on gold. The industry mainly comprises mining companies that dig up and sell gold.

There are many benefits to buying gold stocks instead of physical metal. The main draw is that these companies offer the potential of leveraged upside to the price of gold. When prices rise, these companies can increase their gold production and grow their total sales.

Below are some of the advantages and disadvantages of investing in Gold Stocks:

Why to Buy Gold Stocks?

• Easily Liquidated – Gold stocks are traditional day stocks that can be easily traded
• No Need To Store It – Since you don’t own actual gold you don’t have to worry about finding a secure place to store it
• No Need To Insure It – Since you don’t own gold in physical form, the risk of getting stolen is not there. Hence no need to insure it.

Disadvantages of Buying Gold Stocks

• You Don’t Own Any Gold: In case of any economic crisis, you will not have any gold to use to safeguard you from a liquidity crisis
• Higher Risk Investment: Gold stocks are not entirely dependent on the price of gold. They are also dependent on the company, making the gold stock a high-risk investment
• More Affected By Stock Market: Gold Stocks are ties to the stock market and investors cannot enjoy the benefit of gold prices rising during the stock market downfall.

Gold is a great addition to your portfolio.  Gold stocks along with some of the top ETFs for gold provide investors with an easy approach to benefit from gold prices. No doubt, investment in gold stock has its set of risks but it is a comparatively more rewarding source of investment.

Read:

• Best stock signals and providers.
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Here we have compiled a list of Best Gold Stocks to Buy in 2024:

1. Franco Nevada (FNV)

Franco-Nevada Corporation is the leading gold-focused royalty and streaming company. The company owns the largest and most diversified portfolio of cash-flow-producing assets. Franco Nevada operates upon a very smart business model where the investors have limited exposure to cost inflation while providing them with the option of gold prices and exploration options.

As per SBMA, the demand for gold is expected to rise in 2021. This means gold mining will also rise and Franco Nevada is amongst the top gold miners. The company has a huge market capitalization of approximately $26 Billion. It has outperformed both gold equities and gold itself. The below chart shows how the FNV stock performance has been always above the S&P Global Gold Index and the Gold prices:

The stock performance of Franco Nevada for the last two years is shown in the chart below:

Based on its performance Franco Nevada is one of the best gold mining stocks to buy.

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2. Sandstorm Gold (SAND)

Sandstorm is a gold royalty company with hundreds of royalty assets in a single investment. The company invests in viable projects and crafts custom financing solutions for mining companies who are seeking capital. The investors of the company enjoy the benefits of a diverse, cash-flowing portfolio of assets with minimum exposure to risks associated with the business.

Sandstorm Gold’s fourth-quarter results were impressive. The company reported $29.7 million in revenues, as compared to $24 Million in the last quarter of 2019. Despite the pandemic lockdown, the company has shown great performance. The company’s earnings have been growing at a massive rate and have outperformed the average industry growth rate.

The stock performance of Sandstorm Gold for the last two years is shown in the chart below:

The company is debt-free and has a growing cash position. This makes Sandstorm one of the best cheap gold stocks to buy.

Also read: Bonds vs Stocks – Where to Invest in 2024

3. B2Gold (BTG)

B2Gold is a low-cost international senior gold producer. The company’s operating segments include its mining operations and development projects.

B2Gold has a market capitalization of over $5 Billion. In its recent announcement of quarterly results (Q4 2020), the company reported a 53% increase in gold revenues as compared to 2019 last quarter results. In the company’s annual report, B2Gold reported an amazing 17% increase in gold production. Despite the challenges of Covid-19 and the workflow being disturbed, the company manages to achieve better results.

The year 2022 has a positive outlook for B2BGold. The company is well-positioned for continued strong operational and financial performance. The expected production of gold is between 970,000 – 1,030,000 ounces.

Also read: Best Stock Forecasts & Prediction Services

The stock performance of B2Gold for the last two years is shown in the chart below:

B2Gold is an excellent long-term investment. Its performance in 2020 and the positive outlook for 2024, make it one of the best stocks to buy in gold category.

4. Barrick Corporation (GOLD)

Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development.

Barrick has a market capitalization of over $39 Billion. It has a huge presence in many of the world’s most prolific gold districts. The company is expected to improve performance further in the coming years because of the major growth projects it has invested in. Moreover, the recent merger with Randgold has taken the company to the status of the world’s largest bullion miner. Additionally, the joint venture with Newmont is expected to increase production by 1.8-1.9 million ounces of gold.

The company’s stock was trading at $18.79 on March 11^th, 2020, before Covid-19 hit. Since then, the company stock has risen considerably and is currently trading at above $20

The stock performance of Barrick Corporation for the last two years is shown in the chart below:

Also read: Best Tech Stocks to Buy

5. Kirkland Lake Gold Limited (KL)

Kirkland Lake Gold Limited is a gold mining, development, and exploration company. The Company mines one of the highest-grade ore bodies in the world with massive exploration and growth potential in the immediate area. Kirkland Lake Gold Camp has been producing for a very impressive 100 years.

Kirkland has a market capitalization of $10.2 Billion. Its recent release of the first quarter report of 2021, reported a solid production of gold. Moreover, the company has launched a new life of mine plan (2021 LOMP) for its Detour Lake mine. The Detour Lake Mine is expected to increase the production of gold at Detour Lake open pit mine.

The company reported solid cash reserves for the year ending 2020 with no debt. A company with no debt represents financial strength and qualifies this stock to be amongst the best gold stocks to buy in 2024.

The stock performance of Kirkland Lake Gold Limited for the last two years is shown in the chart below:

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6. SPDR Gold Shares (GLD)

SPDR Gold Shares offer investors an innovative, relatively cost-efficient, and secure way to access the gold market. SPDR Gold Shares is the largest physically backed gold exchange-traded fund (ETF) in the world. SPDR Gold Shares are intended to offer investors a means of participating in the gold bullion market without the necessity of taking physical delivery of gold and to buy and sell that interest through the trading of a security on a regulated stock exchange.

SPDR Gold Shares has a market capitalization of over $66 Billion. Since its inception in 2004, this ETF has performed amazingly with an average annual return of approximately 9%. This Gold ETF is directly linked to the price of gold. It will provide investors all the benefits of investing in gold without the hassle of actually buying and storing gold.

The stock performance of SPDR Gold Shares for the last two years is shown in the chart below:

Being the largest Gold ETF, SPDR offers investors a lot of benefits. With its huge market capitalization and is directly linked with the price of gold, SPDR is one of the best gold ETF to buy

As an investor, you need to stay put and wait a while before you can benefit from your investment. Investing in value stocks is a long-term investment.

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7. Newmont Corporation(NEM)

Newmont is the world’s leading gold company and a producer of copper, silver, zinc, and lead. It has a market capitalization of over $53 Billion. The company has the industry’s biggest gold reserves estimated at 94 million ounces.

Gold was a top-performing commodity in 2020. As a result, all gold companies have shown big bumps in revenues, income, and cash flow. The demand for gold is expected to rise in 2024 and the coming years. Newmont Corporation has set out a plan to meet up with this increasing demand. The company’s multi-year business plan reflects steady growth in the production of gold and metal. The 2020 CSA results also place Newmont as the top-ranked gold miner for the sixth consecutive year.

The stock performance of SPDR Gold Shares for the last two years is shown in the chart below:

Newmont Corporation has better performance than its competitors. It offers a better yield and Price Earnings Ratio to investors. Newmont is one of the best gold stocks to buy in 2023.

Also check out: Best Renewable Energy Stocks to Invest

8. AngloGold Ashanti Limited(AU)

AngloGold Ashanti is an independent, global mining company with operations and projects on four continents. It is the third-largest gold producer globally. AngloGold Ashanti’s Mponeng gold mine is currently the deepest in the world. Ongoing expansions are expected to extend the operating depth further. AngloGold Ashanti has a market capitalization of over $9 Billion

AngloGold Ashanti has a strong balance sheet with a huge decline in debt position as reported in 2020-year end reports. The company has better a liquidity position and is extending the average maturity of its debt. The company has paid very high dividends in 2020, more than 5 times, as compared to the dividend paid in 2019. Moreover, the Company aims to grow annual production in coming years.

The stock performance of SPDR Gold Shares for the last two years is shown in the chart below:

Disclaimer: None of the information published in this article should be construed as investment advice. Article is based on author’s independent research, we strongly advise our readers to always do their due diligence before investing.

 

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