While inflation has cooled significantly over the past few months, it is still well above the Fed’s target of 2%. The growing probability of further interest rate hikes renews the fears of a recession. Amid an economic downturn, investors could turn to stable investments such as gold for its hedging properties.
Gold can help investors diversify their portfolios by providing stable returns and steady value despite market fluctuations. Amid this, quality gold stocks Alamos Gold Inc. (AGI), Eldorado Gold Corporation (EGO), and Centamin plc (CELTF) could be ideal investments this month.
