Amid an uncertain economic environment due to still-high inflation, rising interest rates, and growing worries about a potential recession, economists and market professionals view gold as a stable and lucrative investment option. That is because it holds its value and preserves your purchasing power over the long run, despite high inflation and currency fluctuation.
Therefore, it is the right time to invest in fundamentally sound gold stocks that Endeavour Mining plc (EDVMF – Get Rating), B2Gold Corp. (BTG – Get Rating) and Centamin plc (CELTF – Get Rating), which could offer stability and protection against challenging economic conditions.
For more than a year, the Fed enacted a series of interest rate hikes designed to restore price stability. Inflation cooled in March as the consumer price index (CPI) rose 0.1% for the month and 5% year-over-year, versus estimates of 0.2% and 5.1%, respectively. While price increases have continued to ease since hitting a four-decade high last summer, inflation is still well above the Fed’s target of 2%.
According to Bankrate’s quarterly survey of economists, the odds of a recession this year hover at 64% amid turmoil in the financial system and higher interest rates.
“While the odds of a recession have been seen as elevated for many months now, recent bank failures and the related flare-up of financial system instability are…
Continue reading at STOCKNEWS.com
