5 Top Gold Stocks to Add to Your Watchlist In October 2020

Gold stocks have seen a rapid increase in investor interest over the past six months. Due to the pandemic, investors are continuously searching for new ways to safeguard their wealth. With that, gold has long been considered to be one of the safest ways to store and invest one’s money. The reason why is twofold. For one, gold bullion does not change in value as rapidly as other investments. Given that gold stocks usually follow the price of gold bullion, these investments are more times than not, low volatility.

The second reason is that gold stocks tend to increase in value when markets are in a decline. While we have seen gains in the stock market in the past six months, the uncertainty surrounding COVID has made gold stocks quite popular. Back in August, gold hit an all-time high of $2,089.20 before falling back down slightly. This high price reflected major market uncertainty from investors.

And despite the market’s slight rebound, interest in gold stocks and gold bullion has remained high. If we look at other major assets, we see that gold and other precious metals have outperformed comparatively. With that in mind, let’s take a look at five top gold stocks to watch.

Click To See Full> List Of Top Gold Stocks to Watch

Originally published at https://goldstocks.com on October 9, 2020.