On Tuesday, gold prices went up by more than 1% as investors were looking for safer places to put their money after US President Donald Trump’s “big, beautiful bill” passed in the Senate. This bill has passed before the July 9 deadline for trade tariffs.

Spot gold increased by 1.1% to reach $3,338.24 per ounce, its highest point since June 24. US gold futures also rose, ending 1.3% higher at $3,349.8.

The US Senate approved a wide-ranging tax-cut and spending bill sought by Trump on Tuesday. This bill will cut funding for several social service programs.

According to Marex analyst Edward Meir, the bill is providing support because it will contribute to a deficit of $3 trillion over the next ten years. Meir explained that this could be inflationary to some extent and it can increase the debt burden because of more financing and more borrowing. Meir pointed out that all of these things are constructive for a stronger gold market.

Gold is usually seen as a safe investment during times of political and economic uncertainty.

US Treasury Secretary Scott Bessent cautioned that countries could face much higher tariffs as the July 9 deadline approaches. Tariffs could rise from a temporary 10% to Trump’s suspended rates of 11% to 50%.

Rhona O’Connell, head of market analysis for EMEA & Asia at StoneX, believes that gold is likely to average $3000 per ounce in the fourth quarter and it could go even lower by the end of the year.

With this background in mind, let’s take a look at the 10 best gold stocks to buy right now.

Our Methodology

To compile our list of the 10 best gold stocks to buy right now, we looked for the largest gold companies. We also reviewed our own rankings, financial media reports, ETFs, and various online resources to compile a list of the best gold stocks. Next, we focused on the top 10 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q1 2025 database of 1,000 elite hedge funds. Finally, the 10 best gold stocks to buy right now were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q1 2025.

Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

10 Best Gold Stocks To Buy Right Now

10. Pan American Silver Corp. (NYSE:PAAS)

Number of Hedge Fund Holders: 32

Pan American Silver Corp. (NYSE:PAAS) is one of the best gold stocks to buy right now. On May 11, Pan American Silver Corp. (NYSE:PAAS) announced that it has entered into a definitive agreement to acquire MAG Silver Corp.

Pan American Silver Corp. (NYSE:PAAS) will acquire all of the issued and outstanding common shares of MAG Silver Corp. through a plan of arrangement.

MAG Silver Corp. is a tier-one primary silver mining company that owns a 44% joint venture interest in the Juanicipio mine. The remaining 56% interest in the mine is owned by Fresnillo plc, which also operates the mine. The Juanicipio mine is a large-scale, high-grade, low-cost silver mine in Zacatecas, Mexico.

As part of the agreement, MAG shareholders will receive about $2.1 billion in total, which represents $20.54 per MAG share.

This deal creates significant value for Pan American Silver Corp. (NYSE:PAAS) by giving the company 44% ownership in the Juanicipio mine. The mine has good opportunities for further exploration and strengthens the company’s position as one of the world’s premier silver producers. The Juanicipio mine is expected to produce between 14.7 and 16.7 million ounces of silver in 2025.

Pan American Silver Corp. (NYSE:PAAS) is a leading producer of silver and gold in the Americas. The company operates mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile, and Argentina.

9. Equinox Gold Corp. (NYSEAMERICAN:EQX)

Number of Hedge Fund Holders: 33

Equinox Gold Corp. (NYSEAMERICAN:EQX) is one of the best gold stocks to buy right now. On June 17, Equinox Gold Corp. (NYSEAMERICAN:EQX) announced that it has successfully completed its previously announced business combination with Calibre Mining Corp.

Through this deal, Equinox Gold Corp. (NYSEAMERICAN:EQX) has acquired all of the issued and outstanding common shares of Calibre Mining Corp. in accordance with a court-approved plan of arrangement.

This deal has created an Americas-focused gold producer with mines in 5 different countries. Equinox Gold Corp. (NYSEAMERICAN:EQX) now owns two high-quality and long-life Canadian gold mines: Transaction has created an Americas-focused diversified gold producer with a portfolio of mines in five countries anchored by two high-quality, long-life, Canadian gold mines. These are the Greenstone Gold Mine in Ontario and the Valentine Gold Mine in Newfoundland & Labrador.

The Valentine Gold Mine is in the final stages of construction and plant commissioning. Equinox Gold Corp. (NYSEAMERICAN:EQX) expects to achieve first gold there by the end of the third quarter of 2025. The company will become the second largest gold producer in Canada with the Greenstone Gold Mine and the Valentine Gold Mine at nameplate capacity.

Equinox Gold Corp. (NYSEAMERICAN:EQX) is a Canadian mining company focused on gold production in Canada and across the Americas.