Harmony Gold Mining Co. Ltd. Sponsored ADR Aktie News

The allure of the best stocks under $10 to buy in 2024 is undeniable. While embarking on this journey is a worthwhile endeavor, it is important to understand what this means.

Investors often turn to the best gold stocks to buy as a traditional hedge against inflation. Gold has been a timeless symbol of wealth preservation, and has been on a tear this year.

As simplistic as the methodology is, momentum investing can generate market-beating returns. However, momentum anomalies tend to collapse when structural breaks occur in the economy.

With slowing demand due to elevated interest rates, the mining sectors have been hit hard since 2022. Moreover, lithium carbonate, the rare earth mineral for making electric vehicles and smartphone batteries, also experienced price pressure.

The rally that catapulted U.S. equities to newer and higher valuations seems to have come to an end. The second quarter of 2024 has seen many stocks slip and lose their once rich valuations.

South Africa's Harmony Gold has signed a five-year wage deal with a coalition of trade unions, the company said on Thursday.

In any market environment, gold and other precious metals stocks are always a solid addition to any investment portfolio as they allow investors to diversify and gain exposure to a number of financial markets. During uncertain times in the stock market, it is essential to protect your investment portfolio from the possibility of major losses.

Gold and other commodities are perfect investment options for investors looking to diversify their portfolios. Gold futures are still at near all-time highs of roughly $2,100/oz.