After hitting a record high of more than $2,000 in the summer of 2020, the precious metal gold $Gold - Apr 2023(GC2304)$ has returned to investors' sights after being silent for more than two years. Given that gold has recently tested highs above $2,000 an ounce, it may be wise for investors to take a second look at many of the hard-hit gold stocks before the rally extends.Gold has been on fire lately, is it time to add gold stocks to your portfolio?While it's difficult to predict the future direction of gold, it's a smart move to allocate a small portion of your portfolio to undervalued gold stocks and reap the rewards of handsome dividend yields. The rise in gold prices won't last forever, and on a longer time frame, it may be outpaced by th