Sometimes even safe-haven assets have a bad day, with gold futures (GCZ24) getting caught up in Monday's broader global rout to settle about 1% lower. But looking at the bigger picture, it's hard to find a more reliable investment than good old-fashioned gold, which has been blazing to new highs this summer amid expectations for an upcoming Fed rate cut to weigh on the U.S. dollar. And that's just one catalyst that could push the precious metal higher; central banks have also been stockpiling gold, and the technical trend remains firmly higher, as well.
In fact, with gold catching strays amid indiscriminate selling, now is a perfect time for investors to check out the opportunities in gold stocks that pay dividends, for a compelling combination of growth and steady investment income. Two top picks among analysts are Centerra Gold (CGAU) and Barrick Gold (GOLD) - a pair of top-quality stocks that offer exposure to higher gold prices, along with dividend yields over 2%.
