While trade war jitters have caused a massive meltdown in equity markets, gold has reaped the benefit. Gold prices have continued to climb and the S&P/TSX Global Gold Sector Index has now added $16.7 billion (Canadian) in market value over the past three days, according to data compiled by Bloomberg. Gold stocks have been a safer bet than materials this year for investors in Canada. Haywood strategist Keith Edwards said one way to do this is to accumulate gold and gold stocks. He recommends investors overweight gold stocks for now but says it “could lose its lustre” if prices break above $1,360 (U.S.) a share.

Source: thestar June 06, 2019 16:07 UTC