Investors already know that gold is a very interesting market when the tide gets tough. As they turn to derivatives such as futures and CFDs, buying shares of companies in the sector is an option worth weighing.
In times of recession or economic crisis, investors tend to take money out of the stock market and take refuge in safe-haven assets such as the precious metal.
If history is any guide, there may be good fortune ahead for shares of Agnico Eagle Mines (NYSE:AEM). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
Commodity prices have soared so far in 2022 as the combination of U.S. dollar inflation, stock market instability, supply chain disruptions and geopolitical conflict has driven demand for gold, silver, copper and other metals.