Gold Falls 8% on Rate Worries – 3 Best Gold Stocks to Buy the Dip!

Gold, the ultimate safe-haven asset, just took a dramatic tumble, erasing most of the precious metal’s gains for the year so far. In Asian trading on Monday, March 23, Spot Gold fell nearly 8% to $4,132.28 per ounce (at the time of writing), amid fading inflation fears, stubbornly high interest rates, and escalating geopolitical tensions in the Middle East. Gold hit its weakest level since late December, levels not seen in 40 years when adjusted for inflation and market dynamics.

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Amid the chaos, investors can consider these 3 Strong Buy Gold stocks: B, NEM, and KGC, offering more than 60% upside potential over the next twelve months.

Why Is Gold Losing its Luster?

Weekend headlines about the ongoing Iran conflict fueled market chaos. U.S. President Donald Trump issued a 48-hour ultimatum to Iran, demanding it reopen the Strait of Hormuz, a vital oil chokepoint. Tehran responded with retaliation threats, intensifying the U.S.-Israel conflict with Iran. Typically, war drives investors to gold, but higher-for-longer interest rates are making yield-bearing assets like bonds more attractive.

Gold thrives on uncertainty, but a mix of sticky inflation data and central bank hawkishness has flipped the script. Investors are now expecting delayed rate cuts, prioritizing cash flows over “shiny metal” security. This mirrors past corrections, like the 2013 taper tantrum when gold shed 28% in months.

3 Best Gold Stocks to Buy Now

Analysts see gold’s recent drop as a chance to buy in stages at cheaper prices for long-term gains. Here’s a look at the three Strong Buy picks.

Barrick Mining B -2.98% ▼

Barrick Mining owns some of the industry’s biggest top-tier gold and copper mines. It also pays a quarterly dividend of $0.175 per share, reflecting a 1.15% yield.

In 2025, gold output dropped 17% to 3.26 million ounces, while copper rose 13% to 220,000 tonnes. For 2026, it projects 2.9–3.25 million ounces of gold and 190,000–220,000 tonnes of copper.

On TipRanks, B stock has a Strong Buy consensus rating based on 13 Buys and two Hold ratings. The average Barrick Mining price target of $59.81 implies 61% upside potential from current levels.

Newmont Corp. NEM -3.43% ▼

The world’s top gold producer by output and reserves, Newmont operates across five continents, mining gold plus copper, silver, zinc, and lead. NEM also pays a quarterly dividend of $0.25 per share, resulting in a 0.95% yield. It has raised its dividends to $0.26 per share from Q4 2025.

In 2025, Newmont produced 5.9 million ounces of gold, 28 million ounces of silver, and 135,000 tonnes of copper. For 2026, it targets 3.9 million ounces of gold production using its sustainable mining practices.

Based on 11 unanimous Buy ratings, NEM stock has a Strong Buy consensus rating on TipRanks. The average Newmont Corp. price target of $156.61 implies 63.5% upside potential from current levels.

Kinross Gold KGC -3.21% ▼

Toronto-based Kinross mines gold in Canada, the U.S., Africa, and South America, with flagship sites like Paracatu (Brazil), Tasiast (Mauritania), and Great Bear (Canada). It emphasizes low costs and responsibility. KGC pays regular dividend of $0.035 per share, reflecting 0.42% yield.

In FY25, Kinross produced roughly two million ounces of gold and guided for similar production levels in fiscal 2026.

KGC stock commands a Strong Buy consensus rating based on seven Buys and one Hold rating. The average Kinross Gold price target of $44.48 implies 67.6% upside potential from current levels.

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