With the first full month of summer under way, it's not only the days that are growing warmer. The gold market is also heating up. On the first day of July, August gold futures flirted with the $1,800 threshold, crossing it briefly and then falling. Nonetheless, it was the highest price gold futures had reached since August 2011.
Between COVID-19 cases rising in several areas throughout the U.S. and geopolitical tensions remaining high, it's clear that investors are motivated to maintain exposure to gold as a hedge against overall market volatility. Investors, therefore, may find themselves motivated to add some gold exposure to their portfolios. And it just so happens that there are some compelling opportunities right now: stocks like Equinox Gold (NYSEMKT: EQX), Franco-Nevada (NYSE: FNV), and Newmont Goldcorp (NYSE: NEM).
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Source Fool.com