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Gold's Return to $3,400 Spurs Sector Gains Amid $4,000 Forecasts
Gold's Return to $3,400 Spurs Sector Gains Amid $4,000 Forecasts Canada NewsWire ...
About this update from Omai Gold Mines Corp.
[{"type":"text","content":"\n\n\n\n Gold's Return to $3,400 Spurs Sector Gains Amid $4,000 Forecasts\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 7, 2025\n \n\n /CNW/ --\n \n\n Equity Insider\n \n\n\n News Commentary\n \n – After surpassing\n \n $3,500\n \n at the tail end of April, multiple institutions\n \n revised their forecasts for gold prices upward\n \n , with\n \n Deutsche Bank\n \n predicting\n \n $3,700\n \n -per-ounce gold as early as next year. Billionaire hedge fund manager\n \n John Paulson\n \n\n went further\n \n , predicting near-\n \n $5,000\n \n gold by 2028. Following a short sluggish performance period, the gold price returned to\n \n $3,300\n \n , leading to\n \n gold mining stocks collectively strengthening\n \n again. On the ground, several gold miners are putting out solid news, with recent developments coming from\n \n Lake\n \n Victoria Gold\n \n\n (TSXV: LVG) (OTCQB: LVGLF),\n \n Galiano Gold Inc.\n \n (NYSE-American: GAU) (TSX: GAU),\n \n Centerra Gold Inc.\n \n (NYSE: CGAU) (TSX: CG),\n \n Omai Gold Mines Corp.\n \n (TSXV: OMG) (OTCQB: OMGGF), and\n \n i-80 Gold Corp.\n \n (NYSE-American: IAUX) (TSX: IAU).\n \n\n\n\n\n\n\n\n\n After the world's biggest gold-buying market (\n \n China\n \n ) returned from a holiday break, the price of gold has rallied, and\n \n fuelling gold miner stocks with it\n \n .  As analysts\n \n see\n \n $4,000\n \n gold\n \n in the near future, including\n \n JP Morgan\n \n projecting this\n \n as early as Q2 2026\n \n ,\n \n Ed Yardeni\n \n at\n \n Yardeni Research\n \n is calling for this level\n \n by the end of the year\n \n . Canadian mining industry veteran\n \n Rob McEwen\n \n joins Paulson in believing gold will surge to\n \n\n $5,000\n \n an ounce\n \n in the next 2-3 years, and fuelling a gold mining stocks boom along the way.\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 A...