From Yahoo Finance: 2025-05-11 03:50:00

Gold continues to be a profitable and valuable investment, with prices hitting all-time highs in March 2025, reaching $2,936.38 per ounce for spot prices and $2,956.10 for U.S. gold futures. Central bank purchases, inflation fears, and global policy shifts have driven this surge, making gold a key asset class during uncertain times. Demand for gold as a safe haven has risen due to increased investor uncertainty from the U.S.-China trade war, leading to supply chain disruptions and retaliatory tariffs.

In 2024, gold delivered a 43.83% return, surpassing the market’s 20.89% gain. Central bank purchases exceeded 1,000 metric tons for the third consecutive year, reaching a record total demand of 4,974 metric tons. This trend, along with increased technology use and stable investments in bars and coins, strengthens gold’s appeal as a hedge against inflation and geopolitical unrest.

Wheaton Precious Metals Corp. (NYSE:WPM) stands out as one of the top gold stocks, with $119.5 million in billionaire holdings. The company reported record revenue of $381 million in Q4 2024, driven by strong asset performance. Operating cash flow increased by 30% to $319 million, while adjusted net earnings reached a record $199 million, a 21% year-over-year increase.

Wheaton Precious Metals Corp. (NYSE:WPM) is committed to future growth, with production targets of 870,000 GEOs by 2029 and over 950,000 GEOs annually through 2034. The company has made significant investments in streamlining agreements and projects to enhance output. With a focus on long-term development and growth, Wheaton is poised for sustained success in the metals industry.

Billionaire investors are increasingly turning to the metals sector for investment opportunities, with 40% planning to expand their holdings in precious metals in the coming year. The industry’s profitability is evident, with eight of Forbes’ top 100 billionaires earning their wealth from mining and metals. As gold and precious metals continue to be sought-after assets, the sector remains a lucrative option for investors seeking long-term growth and diversification.



Read more at Yahoo Finance: Among the Best Gold Stocks to Invest In According to Billionaires