By Frank Holmes via Iris.xyz
If you’ve run into difficulties lately finding the best gold stocks to invest in, you’re not alone.
Sentiment has been down. But there are still some very attractive opportunities out there in the goldfields, one of which I want to share with you.
First, a quick recap: The price of gold tested support of $1,200 an ounce on Monday as the U.S. dollar strengthened to a 16-month high, propelled by expectations of additional interest rate hikes. A stronger greenback, remember, weighs on gold as well as a number of other commodities, including oil, since they’re priced in dollars. I’ve inverted the dollar’s values in the chart below so it’s easier to see this relationship.
Gold miners have felt the pressure, too. In the 12-month period as of November 12, the FTSE Gold Mines Index, which reflects the stock performance of producers from around the world, lost 17.66 percent.
Click here to read more on Iris.