Illustrating once again how investors will often turn to gold when markets turn volatile, the price of gold has risen nearly 6% since the beginning of the year, while the S&P 500 has plummeted 23%. And it's fair to say the volatility is far from behind us. Record numbers of Americans filing first-time claims for unemployment benefits; the COVID-19 pandemic continuing to sweep across the nation; and companies facing unprecedented headwinds are just a few of the factors that will create even more volatility in the marketplace.
Investors who recognize the choppy waters ahead may find some solace in adding some shine to their portfolios with investments in the yellow metal. Fortunately for them, there are some compelling opportunities from which they can choose -- opportunities like Barrick Gold Corporation (NYSE: GOLD), Franco-Nevada Corporation (NYSE: FNV), and Kirkland Lake Gold (NYSE: KL).
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