Three gold stocks gleam with potential to profit as investors take a shine to the precious metal.
The three gold stocks gleaming with potential to profit are recommended by top prognosticators who track the sector closely. In times of market volatility, gold is a traditional hedge that tends to attract buyers during uncertainty.
“Gold has started 2025 with a bang, breaking out of a post-election slump to already set a new record for all-time high,” said Rich Checkan, president and chief operating officer of Asset Strategies International, of Rockville, Maryland. “In 2024, gold snatched 39 all-time high record closes, and the rally is once again going strong.
“As President Trump has taken office, the launch of myriad new policies has thrown markets and news cycles into chaos. Regardless of the future impact of his administration’s actions, the unpredictable nature of his governing style has shaken up markets, with the volatility impacting equities, precious metals and the U.S. dollar in the near-term.”
Rich Checkan, Asset Strategies International
Three Gold Stocks Gleam with Potential: Gold Gains Ground
Following a strong 27% annual gain in 2024, gold has rallied another 10% YTD, outperforming all major asset classes and breaching Citi Research’s price target of $2,800 an ounce. In a recent research note, Citi upgraded its price target to $3,000 an ounce, while keeping its 6-12 month target unchanged at $3,000 an ounce. Citi also raised its 2025 average forecast from $2,800 an ounce to $2,900 and ounce.
Bob Carlson, the head of the Retirement Watch investment newsletter and his proprietary IRA Caculator that helps investors assess whether a traditional IRA should be converted into a Roth IRA, said three key reasons explain gold’s recent gains.
First, certain central banks around the world continue to diversify their reserves away from the dollar and other paper currencies by purchasing gold as their “favorite diversifier,” Carlson said. Central bank purchases of gold increased since sanctions were imposed against Russia for its invasion of Ukraine and that trend is likely to continue, he added.
Second, monetary policies are becoming expansionary again in the West, Carlson continued. Most central banks have reduced interest rates and plan to keep up interest rate reductions for a while, he added.
“Lower interest rates generally are positive for gold,” Carlson counseled. “In the United States, inflation never fell to the Fed’s target, but the Fed cut interest rates anyway. That puts investors on edge that inflation might begin moving up again.”
Third, the United States has large budget deficits that don’t seem likely to decline any time soon, Carlson opined. Government debts usually are paid off at least partially through higher inflation, he added.
“The government pays the debts with currency that has reduced purchasing power,” Carlson advised. “Investors worry the perpetual deficits in the U.S. could lead to this result.”
Bob Carlson heads Retirement Watch and his IRA Caculator
Three Gold Stocks Gleam with Potential: KGC
The first of three gold stocks gleaming with potential is Kinross Gold Corp. (NYSE: KGC). Gold miner Kinross has risen nearly 13% in two weeks since it was recommended in the Five Star Trader service led by Mark Skousen, PhD. Related call options had soared 75%. Five Star Trader advised its subscribers to sell half their call options, while holding the rest for additional potential profits.
Kinross also is a recommendation in Skousen’s Forecasts & Strategies investment newsletter is up more than 23% since last October. Kinross Gold was recommended to the Forecasts & Strategies subscribers on Oct 14, 2024, at $9.80, before it rose to $12.07, jumping 23.16%.
Mark Skousen, leader of Forecasts & Strategies and a scion of Ben Franklin, meets with Paul Dykewicz.
The gold mining stock also is a recommendation of Citi Research. Kinross is a top gold stock pick by Citi.
Chart courtesy of www.stockcharts.com
Three Gold Stocks Gleam with Potential: AEM
Another gold mining stock recommended by both Citi Research and Skousen is Agnico-Eagle Mines (NYSE: AEM). As of Feb. 11, Skousen’s Fast Money Alert trading service had produced a 16% gain in the stock and what he described as a “nice profit” in his related call options.
Skousen had a track record of successfully recommending precious metals. He teams up with seasoned stock market veteran Jim Woods on the Fast Money Alert service.
Paul Dykewicz meets with Jim Woods, who heads Investing Edge and co-leads Fast Money Alert.
Woods, who heads the Investing Edge investment newsletter, also has chalked up profitable trades among precious metals stocks.
Chart courtesy of www.stockcharts.com
Three Gold Stocks Gleam with Potential: NEM
Newmont Corporation (NYSE: NEM) is a third gold mining stock that gleams with the potential to profit. The stock pulled back in late 2024 but has been trending up since then.
Newmont is the largest gold miner in the world. The company, founded in 1965, is based in Denver, Colorado. It operates globally including in North America, South America, Africa and Australia.
Newmont acquired Goldcorp in 2019, which added additional mines in Canada and South America. Newmont further bought Newcrest in 2023, adding mines in Australia, Canada and PNG.
Chart courtesy of www.stockcharts.com
The three gold stocks gleaming with potential to profit as investors take a shine to the precious metal are still on the upswing. Investors interested in purchasing shares in the stocks likely will find additional upside ahead, especially with geopolitical risk on the rise and wars continuing in hot spots around the world.
