On Friday, October 10, gold prices rose again above $4,000 per ounce after US President Donald Trump warned about possible fresh tariffs on China. This made investors rush to safe-haven assets.
President Trump said there is no reason to meet with China’s President Xi Jinping in South Korea in two weeks. He shared on Truth Social that the US is considering a massive increase in tariffs on Chinese imports.
Geopolitical risks, economic uncertainties caused by tariffs, rate cut expectations, and strong central bank gold-buying are all contributing to this current gold rally.
Tai Wong, an independent metals trader, said:
“Heating up the trade war again will tank the dollar and be good for safe-havens.”
Hamad Hussain, climate and commodities economist at Capital Economics, said
“On balance, there is a risk of a short-term pullback in prices given how quickly gold prices have risen in recent weeks. But over the next couple years, gold prices are likely to grind higher.”
With this background in mind, let’s take a look at the 11 best gold stocks to buy according to hedge funds.
Our Methodology
To compile our list of the 11 best gold stocks to buy according to hedge funds, we used stock screeners from Finviz and Yahoo Finance to find 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 11 gold stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q2 2025 database of 983 elite hedge funds. Finally, the 11 best gold stocks to buy were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q2 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
11 Best Gold Stocks to Buy According to Hedge Funds
11. Equinox Gold Corp. (NYSEAMERICAN:EQX)
Number of Hedge Fund Holders: 32
Equinox Gold Corp. (NYSEAMERICAN:EQX) is one of the best gold stocks to buy according to hedge funds. On October 7, Equinox Gold Corp. (NYSEAMERICAN:EQX) shared an update about its Valentine Gold Mine in Newfoundland & Labrador, Canada.
Darren Hall, CEO of Equinox Gold Corp. (NYSEAMERICAN:EQX), said:
“Valentine delivered first gold ahead of schedule on September 14, with commissioning progressing well since introducing ore into the circuit on August 27. Through September 30, the plant averaged 57% of nameplate capacity, with more than 23% of days exceeding nameplate. As Valentine continues to ramp-up operations, we anticipate producing 15,000 to 30,000 ounces of gold in Q4 and delivering consistent nameplate capacity of 2.5 million tonnes per year by Q2 2026.”
The company acquired 100% ownership of the Valentine Gold Mine when it acquired Calibre Mining Corp. on June 17, 2025. The transaction also gave Equinox Gold Corp. (NYSEAMERICAN:EQX) full ownership of the Greenstone Mine in Ontario, Canada, making the company the second-largest gold producer in Canada.
Equinox Gold Corp. (NYSEAMERICAN:EQX) is a Canadian mining company that operates gold mines in Canada, the United States, Mexico, and Brazil. The company is focusing on growth and plans to achieve over one million ounces of annual gold production from a pipeline of expansion projects.
10. Royal Gold, Inc. (NASDAQ:RGLD)
Number of Hedge Fund Holders: 35
Royal Gold, Inc. (NASDAQ:RGLD) is one of the best gold stocks to buy according to hedge funds. On October 9, Royal Gold, Inc. (NASDAQ:RGLD) shared the preliminary results from a special meeting of its stockholders. The vote approved the issuance of Royal Gold, Inc. (NASDAQ:RGLD) common stock for its acquisition of Sandstorm Gold Ltd. (SAND).
At the same time, Sandstorm Gold Ltd. (SAND) and Horizon Copper Corp. also announced the voting results from their respective meetings. The security holders of both companies have agreed to their acquisitions by Royal Gold, Inc. (NASDAQ:RGLD).
Sandstorm Gold Ltd. (SAND) is a precious metals-focused royalty company, while Horizon Copper Corp. is a premier copper company holding a portfolio of strong copper assets
According to the report by Royal Gold, Inc. (NASDAQ:RGLD), both the acquisitions are expected to close on October 20, subject to all closing conditions being satisfied or waived.
Royal Gold, Inc. (NASDAQ:RGLD) is a leading precious metals streaming and royalty company. It has a large and diversified portfolio of streams, royalties, and similar production-based interests in several of the world’s most attractive mines.