Gold Price Sends Gold Mining Stocks Soaring

Frankfurt There is no shortage of optimistic forecasts for the price of gold: more than $2,000 a troy ounce, even up to $5,000 are conceivable. In the past two months, the price for the 31.1 gram has already risen by nine percent to around $1,870.

Time to take a closer look at a silent winner of this development: the prices of the gold mine shares shot up rapidly and rather unnoticed by broader investor circles.

The FTSE Gold Mines Index gained 44 percent. The Handelsblatt therefore presents promising funds for mining stocks.

The protagonists of the industry assume an uncertain world with war, hardly controllable inflation, a foreseeable recession shock and negative real interest rates. More and more investors are likely to keep precious metals in their portfolios as a hedge against losses on other investments – and hope for gains in value. The trend reversal away from the long-loved tech titles towards precious metals has been apparent for the past year.