Here is our next video about Gold mining stocks analysis. Gold mining stocks 2022 have performed extremely well so far since the beginning of the year. The VanEck Vectors Gold Miners ETF, for example, has soared 32% YTD at its peak yesterday at $40.53 and Barrick gold stock price skyrocketed around 36% YTD at its yearly high at $26.07.
Gold Mining stocks are also performing better than the metal itself as Gold is hovering around the range of 5% to 6% gains.In fact, when Gold plunged recently, Gold miners like Franco Nevada and Newmont managed to stay resilient, signaling strong business fundamentals.
According to the Barrick gold technical analysis, the price recently broke above critical resistance level at $25 so now seems to be a good time to buy and take advantage of the bullish momentum.
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