Yamana Gold Inc. (USA) (AUY), Kinross Gold Corporation (USA) (KGC): Gold Surges on Market Uncertainty, Gold Miners Benefit

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Bottom Line

U.S policy makers have tough decisions to make that could potentially shape the global markets for the next few years. Congress’s failure to raise the debt limit in a timely manner could dampen investor confidence and trigger a sell-off in equity assets. The debt ceiling debate has markets questioning if the Fed will decide to taper its monetary policy. If the Fed announces the delay of tapering at the FOMC meeting, hedge funds and speculative investors would yield profits from their safe haven assets such as gold futures and gold-backed ETFs. Gold miners Yamana Gold Inc. (USA) (NYSE:AUY) and Kinross Gold Corporation (USA) (NYSE:KGC) present equity investors long-term value in the event gold prices surge.

The article Gold Surges on Market Uncertainty, Gold Miners Benefit originally appeared on Fool.com and is written by Christopher DeSousa.

Christopher DeSousa has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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