Gold stocks are on the rise due to geopolitical conflicts, recommended for investment

From NASDAQ: 2025-06-17 07:45:00

Gold prices are on the rise due to geopolitical conflicts, with spot prices reaching $3,415.57/ounce. This has led to a surge in stock prices for gold miners, making it a favorable investment. President Trump’s call for evacuating Tehran has boosted gold demand, making it a safe-haven option for investors.

Investing in gold mining stocks with a favorable Zacks Rank is recommended. Five top picks include Franco-Nevada Corp., Newmont Corp., Kinross Gold Corp., AngloGold Ashanti plc, and Harmony Gold Mining Co. Ltd. These stocks are expected to perform well, with gold prices predicted to reach $4,000/ounce by 2026.

Positive catalysts for gold include a scarcity of gold deposits in the mining industry and increased demand from central banks. The use of gold in various industries is also rising, leading to a potential demand-supply imbalance that can drive prices higher. Investment banks forecast further price increases, indicating a bullish trend for the gold mining industry.

Franco-Nevada Corp. and Newmont Corp. are positioned for strong earnings growth, with favorable revenue and earnings growth rates. Kinross Gold Corp. is focusing on organic growth through key projects like Tasiast mine and Great Bear project. AngloGold Ashanti plc and Harmony Gold Mining Co. Ltd. are also expected to see significant revenue and earnings growth.



Read more at NASDAQ: Buy 5 Gold Stocks for Near-Term Gains on Rising Geopolitical Conflicts