NEM News: 3 Stocks to Buy for Potential 50% Upside as Gold Trades Near $2,500 an Ounce - 24th Jul 2024, 12:30am

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Gold has witnessed a healthy rally of 17% for year-to-date. After trading at recent highs of $2,482 an ounce, there has been some correction in the precious metal. However, I believe that gold is likely to remain in an uptrend. It’s therefore a good time to consider exposure to gold stocks for robust returns.

A key reason to be bullish on gold is the likelihood of multiple rate cuts in the next 18 months. Expansionary policies are negative for the dollar and positive for precious metals. C...

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