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April 11, 2016

Mining stocks better play on gold prices

  • If you believe the turnaround is going to continue, you're much better off in gold stocks than physical gold.
    • By ALEX VEIGA
    AP Business Writer

    After years of losses, funds focused on gold and gold miners are up sharply this year as investors snapped gold for protection from a turbulent stock market.

    Gold-focused funds were among the best-performing mutual funds in the first quarter. The precious metal is up nearly 17 percent this year and 2.4 percent over the past 12 months.


     
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