Although inflation has eased significantly over the past few months, it remains above the Federal Reserve’s 2% target. The April Consumer Price Index (CPI) data is expected to show that consumer prices remained elevated last month. Moreover, the Fed economists have predicted a mild recession later this year.
With fears of a recession rising, investors must look for ways to protect their portfolios. One of the ways to do so is by investing in gold. Gold is seen as a safe investment during times of economic uncertainty. Therefore, I believe it would be wise to invest in gold stocks B2Gold Corp. (BTG), Centamin plc (CELTF), and Dundee Precious Metals Inc. (DPMLF).
