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With Forecasts Hitting $4,000 to $6,000, Gold Mining Sector Sees Renewed Investor Focus
With Forecasts Hitting $4,000 to $6,000, Gold Mining Sector Sees Renewed Investor Focus ...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"\n\n\n\n With Forecasts Hitting $4,000 to $6,000, Gold Mining Sector Sees Renewed Investor Focus\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Equity Insider\n \n\n\n News Commentary\n \n\n\n\n\n Issued on behalf of Lake Victoria Gold Ltd.\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n May 14, 2025\n \n\n /CNW/ -- After a (very) short honeymoon period that followed the latest US-China trade agreement, the\n \n price of gold\n \n recovered as quickly as\n \n euphoria over the trade deal faded\n \n . According to\n \n DoubleLine Capital\n \n CEO\n \n Jeff Gundlach\n \n (better known as \"Bond King\"), ongoing gold price rally isn't over, as the precious metal could climb\n \n as high as\n \n $4,000\n \n per ounce\n \n . Now with the current gold price creating a new normal, gold miners are managed to\n \n bridge the discount gap to bullion\n \n , and overcome rising production costs. Several miners and developers have been providing updates worthy of extra market attention, including from\n \n Lake\n \n Victoria Gold\n \n\n (TSXV: LVG) (OTCQB: LVGLF),\n \n K92 Mining Inc.\n \n (TSX: KNT) (OTCQX: KNTNF),\n \n AngloGold Ashanti plc\n \n (NYSE: AU),\n \n G Mining Ventures\n \n (TSX: GMIN) (OTCQX: GMINF), and\n \n Luca Mining Corp.\n \n (TSXV: LUCA) (OTCQX: LUCMF).\n \n\n\n\n\n\n\n\n\n\n\n\n\n JPMorgan\n \n analysts recently made waves with a bold outlook, suggesting that if just 0.5% of U.S.-held foreign assets shifted into gold, prices could climb as high as\n \n\n $6,000\n \n per ounce\n \n by 2029. At the same time, jewelry retailers across the U.S. are reporting a\n \n sharp rise in gold buying\n \n , showing that retail demand is starting to catch up with Wall Street sentiment.\n \n\n\n Lake\n \n Victoria Gold\n \n\n (TSXV: LVG) (OTCQB: LVGLF), a junior gold developer focused on\n \n East Africa\n \n , is making steady progress on its near-term development plans in\n \n Tanzania\n \n . The company has brought in\n \n Nesch Mintech Tanzania\n \n , a third-party auditor, to\n \n support the upcoming commissioning\n \n of\n \n Nyati Reso...