3 Gold Mining Stocks to Buy on Imminent September Rate Cut

Gold has been outperforming the stock market in 2024. Bullion has jumped 21.3% so far in 2024 compared with the 17.6% growth of the S&P 500. Gold usually rallies when assets that pay a yield become less attractive. Higher interest rates increase the burden on holding gold, because it does not pay a yield. Thus, when interest rates come down and mega-cap growth stocks like tech seem far more lucrative over the safety valve of the bond market, the gold market gets a boost. With an almost inevitable September ...