Gold prices have recently reached an extraordinary all-time high (ATH) of $3,167 per ounce in early 2025, and this has created some remarkable opportunities for investors interested in gold stocks. This impressive surge comes at a time when Trump’s newly implemented tariffs are disrupting global markets, essentially pushing many investors toward safe-haven assets during these rather uncertain economic times.

Best Gold Stocks to Buy Now—How Trump’s Tariffs Impact Gold Prices and Investments

1. Newmont Corporation (NYSE: NEM)

Newmont currently stands as the world’s largest gold mining company with an impressive $47 billion market cap. Their 2023 revenue of about $11.8 billion has grown considerably to an estimated $23.82 billion for 2024, which clearly reflects the company’s ability to capitalize on rising gold prices that have been partly driven by Trump’s tariffs. With extensive mining operations across Colorado, Nevada, Mexico, Australia, Ghana, and Peru, Newmont offers both geographic diversification and also a solid 3% dividend yield, making it perhaps the premier gold stocks choice for many investors at the time of writing.

2. Barrick Gold Corporation (NYSE: GOLD)

With a substantial $29 billion market cap, Barrick Gold operates approximately 16 assets across 13 countries. The company’s stock has jumped about 32% over the past five years, certainly benefiting from the elevated gold prices we’ve been seeing. Barrick’s particularly strong balance sheet with nearly $4 billion in cash positions this gold stocks contender rather well for the current gold price surge environment that has been partially created by Trump’s tariffs and other economic factors.

3. Franco-Nevada Corporation (NYSE: FNV)

Franco-Nevada offers a somewhat unique approach to gold investment through its royalty and streaming model. With royalties on nearly 300 assets and also a market cap of around $23 billion, the company essentially provides de-risked exposure to gold stocks without the typical operational mining costs that other companies face. This business model has proven especially valuable in recent months as gold prices reach $3,167 amid the economic uncertainties stemming from Trump’s tariffs and related market disruptions.

4. Wheaton Precious Metals Corporation (NYSE: WPM)

Wheaton also tends to stand out among gold stocks with its exceptional profit margins—approximately 78% gross and over 50% net, which is really quite impressive. With a $25 billion market cap and streaming agreements on more than 20 mines, Wheaton’s business model becomes increasingly valuable as gold prices continue to rise in response to Trump’s tariffs. The company’s pre-negotiated purchase agreements allow it to buy gold at prices far below current market rates, and this is translating to substantial returns for gold investment portfolios in the current environment.

5. AngloGold Ashanti Limited (OTCMKTS: AULGF)

AngloGold Ashanti rounds out our list of top gold stocks with its strategic focus on African operations. With a market cap of about $9 billion and operations across four continents, the company is uniquely positioned to benefit from Africa’s somewhat untapped gold potential. As gold prices have surged to $3,167 in response to the economic uncertainties created by Trump’s tariffs, AngloGold’s relatively low-cost production profile has also translated to expanding profit margins, making it an interesting gold stocks option for investors looking for exposure to emerging markets.

How Trump’s Tariffs Are Driving the Gold Price Surge

Trump’s tariffs have created rather ideal conditions for gold stocks by increasing global economic uncertainty, contributing to inflation concerns, and also weakening the dollar in certain trading scenarios. These factors have also collectively pushed gold to its record high of $3,167, benefiting companies across the gold investment spectrum and creating opportunities that weren’t available just months ago.

Investment Strategy for Gold Stocks

When selecting gold stocks in today’s somewhat volatile market, it’s probably best to focus on companies with low production costs, strong balance sheets, and high-quality reserves. The top gold stocks highlighted here also offer some varying approaches to gold investment, allowing investors to select options that align with their personal risk tolerance while potentially capitalizing on the gold price surge driven by Trump’s tariffs and related economic factors.

Gold prices have recently reached an extraordinary all-time high (ATH) of $3,167 per ounce in early 2025, and this has created some remarkable opportunities for investors interested in gold stocks. This impressive surge comes at a time when Trump’s newly implemented tariffs are disrupting global markets, essentially pushing many investors toward safe-haven assets during these rather uncertain economic times.

Best Gold Stocks to Buy Now—How Trump’s Tariffs Impact Gold Prices and Investments

1. Newmont Corporation (NYSE: NEM)

Newmont currently stands as the world’s largest gold mining company with an impressive $47 billion market cap. Their 2023 revenue of about $11.8 billion has grown considerably to an estimated $23.82 billion for 2024, which clearly reflects the company’s ability to capitalize on rising gold prices that have been partly driven by Trump’s tariffs. With extensive mining operations across Colorado, Nevada, Mexico, Australia, Ghana, and Peru, Newmont offers both geographic diversification and also a solid 3% dividend yield, making it perhaps the premier gold stocks choice for many investors at the time of writing.

2. Barrick Gold Corporation (NYSE: GOLD)

With a substantial $29 billion market cap, Barrick Gold operates approximately 16 assets across 13 countries. The company’s stock has jumped about 32% over the past five years, certainly benefiting from the elevated gold prices we’ve been seeing. Barrick’s particularly strong balance sheet with nearly $4 billion in cash positions this gold stocks contender rather well for the current gold price surge environment that has been partially created by Trump’s tariffs and other economic factors.

3. Franco-Nevada Corporation (NYSE: FNV)

Franco-Nevada offers a somewhat unique approach to gold investment through its royalty and streaming model. With royalties on nearly 300 assets and also a market cap of around $23 billion, the company essentially provides de-risked exposure to gold stocks without the typical operational mining costs that other companies face. This business model has proven especially valuable in recent months as gold prices reach $3,167 amid the economic uncertainties stemming from Trump’s tariffs and related market disruptions.

4. Wheaton Precious Metals Corporation (NYSE: WPM)

Wheaton also tends to stand out among gold stocks with its exceptional profit margins—approximately 78% gross and over 50% net, which is really quite impressive. With a $25 billion market cap and streaming agreements on more than 20 mines, Wheaton’s business model becomes increasingly valuable as gold prices continue to rise in response to Trump’s tariffs. The company’s pre-negotiated purchase agreements allow it to buy gold at prices far below current market rates, and this is translating to substantial returns for gold investment portfolios in the current environment.

5. AngloGold Ashanti Limited (OTCMKTS: AULGF)

AngloGold Ashanti rounds out our list of top gold stocks with its strategic focus on African operations. With a market cap of about $9 billion and operations across four continents, the company is uniquely positioned to benefit from Africa’s somewhat untapped gold potential. As gold prices have surged to $3,167 in response to the economic uncertainties created by Trump’s tariffs, AngloGold’s relatively low-cost production profile has also translated to expanding profit margins, making it an interesting gold stocks option for investors looking for exposure to emerging markets.

How Trump’s Tariffs Are Driving the Gold Price Surge

Trump’s tariffs have created rather ideal conditions for gold stocks by increasing global economic uncertainty, contributing to inflation concerns, and also weakening the dollar in certain trading scenarios. These factors have also collectively pushed gold to its record high of $3,167, benefiting companies across the gold investment spectrum and creating opportunities that weren’t available just months ago.

Investment Strategy for Gold Stocks

When selecting gold stocks in today’s somewhat volatile market, it’s probably best to focus on companies with low production costs, strong balance sheets, and high-quality reserves. The top gold stocks highlighted here also offer some varying approaches to gold investment, allowing investors to select options that align with their personal risk tolerance while potentially capitalizing on the gold price surge driven by Trump’s tariffs and related economic factors.