This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXNPEC180BO_M.jpg
According to Jeffrey Christian, managing partner of CPM Group, “There is a real race between the variants and the vaccinations, and right now the variants seem to have the upper hand on a global basis.” Moreover, the Federal Reserve Chair Jerome Powell warned that an uptick in COVID-19 cases could slow the recovery. These developments bode well for the precious metal.
The best strategy to diversify your portfolio in such scenarios is to invest in fundamentally sound gold stocks. I believe Alamos Gold Inc . (AGI), AngloGold Ashanti Limited (AU), and Franco-Nevada Corporation (FNV) are well-positioned to gain if the precious metal is able to hold its prices at the current level.
