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4 Gold Stocks Wall Street Predicts Will Rally 18% or More -Breaking

by Mike Robinson

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© Reuters. Wall Street predicts that 4 Gold Stocks will rally 18% or more

Investors are tempted to invest in gold as a hedge against rising inflation. Recent rallies in gold prices saw them reach a 5-month high. The Fed is unlikely to increase interest rates any time soon so gold prices could rise. Wall Street analysts anticipate gold mining stocks Agnico, Kinross and KGC to rise. B2Gold Yamana and (NYSE) will see prices rise 18% to 28%. Keep reading. Inflation is hurting wages and making cash more expensive. Ray Dalio of Bridgewater Associates Investment Management, believes that cash is better than other assets.

Investors have been attracted to gold as an excellent inflation hedge. Gold recently reached five-month peak levels. The price of gold has risen 0.6% to $1,861.39 an ounce. Analysts expect gold to reach $1,900 an ounce in the near future, as the central bank views current inflation as temporary and has no plans to increase benchmark interest rates.

Wall Street analysts expect Agnico Eagle Mines Limited to be a leading gold miner, given this background. Kinross Gold Corporation (NYSE :), B2Gold Corp. Yamana Gold Inc. (NYSE 🙂 will rise by 18% to more over the next few months.

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