Gold prices hit record highs recently due to ongoing geopolitical tensions and declining inflation. Gold prices have soared since the beginning of the year due to persistent buying by central banks worldwide, its reputation as a safe-haven asset, expectations of interest rate cuts this year, and rising consumer spending on gold as an investment.
Given the yellow metal’s promising prospects, investors could consider buying fundamentally strong gold stocks such as Eldorado Gold Corporation (EGO), Alamos Gold Inc. (AGI), and Centerra Gold Inc. (CGAU).
