Equity Insider News Commentary
Issued on behalf of Lake Victoria Gold Ltd.
VANCOUVER, BC, May 8, 2025 /CNW/ -- Equity Insider News Commentary – So far in 2025, gold has twice touched the remarkable $3,400 per ounce mark—first in April and again this week—raising the question of just how far this rally could go. Bloomberg Intelligence's Senior Commodity Strategist Mike McGlone suggests the widening gap between oil and gold prices signals not only recessionary pressure, but also a potential surge to $4,000 gold. Meanwhile, industry veteran Rob McEwen believes investor momentum could carry gold even higher, forecasting a rush back into mining equities and a possible run to $5,000 per ounce. Against this backdrop, several gold companies have issued timely updates, including Lake Victoria Gold (TSXV:LVG.VN) (OTC-BB:LVGLF), Kinross Gold Corporation (NYSE:KGC) (TSX:K.TO), SSR Mining Inc. (NASDAQ:SSRM) (TSX:SSRM.TO), Dundee Precious Metals Inc. (TSX:DPM.TO) (OTCPK:DPMLF), and New Found Gold Corp. (NYSE-American:NFGC) (TSXV:NFG.VN).
Read more at newswire.ca
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