WASHINGTON, February 28, 2024 – gold surged to a record $2,065 per ounce on Wednesday, continuing a six percent climb so far this year, though it has since eased slightly as some investors took profits. The overall trend, however, remains firmly upward, signaling a potent mix of economic anxieties and geopolitical uncertainty.
Why Investors Are Flocking to Gold
A safe haven in turbulent times, gold is benefiting from global tensions and questions surrounding U.S. monetary policy.
- Demand for gold is rising amid political and geopolitical instability.
- scrutiny of the Federal Reserve,including an examination into a headquarters renovation,is weighing on markets.
- Expectations of potential interest rate cuts historically support gold prices.
- Tensions in Iran and rising U.S. budget deficits are further bolstering demand.
The latest rally is fueled by increased demand for safe assets as political and geopolitical tensions escalate.Adding to market concerns is scrutiny of the Federal Reserve, including an investigation into a headquarters renovation, which has added to market uncertainty. Historically, expectations of potential interest rate cuts have also supported gold prices.
Recent developments in iran, including the possibility of a de-escalation-unlikely at the moment-a progress that briefly lowered gold prices on Thursday-the protests are expected to remain a key influence on gold’s performance in the coming weeks.
beyond immediate geopolitical factors, the long-term outlook for gold remains strong. rising budget deficits in the united States and other nations continue to drive demand, and central banks are anticipated to remain active buyers as they diversify away from the U.S. dollar.
Several major banks predict further increases in gold prices this year,with some forecasting a move above $2,100 per ounce before mid-year.
Stocks to Watch as Gold Shines
Against this backdrop, stocks tied to gold and other precious metals are attracting investor attention heading into 2026.To identify potential opportunities, a stock screener was used to pinpoint U.S. stocks meeting the following criteria:
- industry: Metals and Mining
- Market capitalization greater than $100 million
- Upside potential based on Fair Value greater than +15%
- investingpro Health Score greater than 2.5/5
This research identified eight potential investment opportunities.
These U.S. metals and mining stocks appear to be undervalued by approximately 16 percent to 37 percent,based on Fair Value estimates. Though, metals and mining aren’t the only sectors worth considering as 2026 unfolds.
For those seeking opportunities in other areas, the stock screener offers pre-configured searches for stocks meeting specific criteria based on various sector strategies.
The screener also includes ready-made searches focused on defensive stocks, small-cap companies, and dividend-paying shares.
Please note that some of these pre-configured searches are available only to subscribers with a PRO+ plan.
Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, advice or suggestion to invest. All assets are evaluated from multiple perspectives and are highly risky,so any investment decision and the associated risk belongs to the investor. No investment advisory services are provided.
