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Looking For Gold Stocks? 5 Penny Stocks To Watch Right Now

Wednesday, 19 February 2020 11:00 AM

PennyStocks.com

CORAL GABLES, FL / ACCESSWIRE / February 19, 2020 / The top website for all things penny stocks, PennyStocks.com just released a new, exclusive & informative article titled: Top Penny Stocks To Watch If You Like Gold The team at PennyStocks.com discusses 5 penny stocks to watch this week that have started to make bigger moves as gold prices reach new multi-year highs.

Within this article, PennyStocks.com states how: "Gold stocks and certain penny stocks have taken center stage as the price of gold continues to climbs higher this month. Concerns over "COVID-19," a.k.a the coronavirus, persist as the world waits to find out the full fall-out from the illness. It's now impacted countries across the globe. More than 2,000 deaths have been attributed to the virus and over 75,0000 cases have been cited in Mainland China alone. While a broad range of industries have either stalled out or stopped completely in China, the adjusted outlook has shifted."

The top penny stock website continues: "This is part of the reason why gold stocks have shined. The previous high for gold in recent weeks was $1,613.30. Before the market open on February 19, gold futures broke above $1,614. While the market itself has climbed higher at the same time, some speculate that record-high levels may not be sustainable. Furthermore, a low-rate environment along with no resolution to the U.S. China trade war during an election year could give rise to more uncertainty later this year. With this in mind, here's a list of penny stocks you may want to watch as gold heads higher, including YAMANA GOLD INC. (YRI; AUY)

Read the article from PennyStocks.com titled: Top Penny Stocks To Watch If You Like Gold <<< Click Here

Penny Stocks (PennyStocks.com)

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SOURCE: PennyStocks.com

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