Gold Miners: Poised for a Strong Catch-up Rally

Gold has increased by 13.5% year-to-date, reaching a record high of $2,351 per troy ounce as of April 8th. However, gold miners have struggled to keep up with this bullish trend due to rising costs. In this recording, CFRA Vice President of Equity Research, Matthew Miller, CFA, expects gold miners to quickly expand their margins, presenting a favorable outlook for this sector. Matthew also highlights that gold miners offer significant leverage to the gold price and are poised for a robust recovery, which has already started in March and is expected to gain momentum during the upcoming earnings season.