The price of gold is at an all-time high, up 28% this year compared to 10% for the S&P 500. Central banks are buying 80 metric tons of gold monthly to diversify away from the dollar. The weak dollar pushes up gold prices, benefiting gold mining stocks like Fortuna Mining (NYSE: FSM). Fortuna operates mines in multiple countries and recently announced a significant increase in gold reserves in Senegal. The stock has outperformed gold over the past year and is considered a strong investment due to operational efficiency and growth potential. Investors can use gold miner stocks like Fortuna to hedge against market corrections and maximize gains.

Read more at Nasdaq: A Gold Mining Stock to Watch as the Metal Soars