An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, Dec. 22, 2023.A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.With gold prices up roughly 25% this year, the precious metal is in such demand that Costco has capped how many gold bars shoppers can buy in a day. A recent HSBC su ...

ab 17 June 2025 Global Research India Economic Perspectives India and gold: all that glitters Gold price rally to continue UBS's Basic Materials team forecasts the gold price to rise to US$3,500 in 2026. We believe the case for gold has become more compelling in an environment of escalating tariff uncertainty, weak growth, high inflation and lingering geopolitical risks. As most of India's gold supply is imported (87%), higher global gold prices (although we expect softer gold volume demand) imply that Indi ...

Core Viewpoint - Gold prices have surged above $3,200 per ounce, prompting major banks to revise their forecasts, with UBS predicting $3,500 and Deutsche Bank targeting $3,700, as investors seek safe havens amid economic uncertainty [1] Group 1: Gold Market Dynamics - The rise in gold prices has led to increased interest in gold mining stocks, alongside physical bullion and gold ETFs, as investors look for amplified exposure to rising gold prices [1] - Junior exploration companies are gaining attention due to promising drill results, indicating significant upside potential in the gold mining sector [2] Group 2: Lake Victoria Gold Developments - Lake Victoria Gold has secured four new Mining Licenses for its Tembo Project in Tanzania, marking a significant advancement in its development strategy [3][5] - The approval of Mining Licenses provides long-term operational visibility, valid for an initial 10-year term with an option for renewal [5] - The Tembo Project has attracted over $28 million in exploration investment, with extensive drilling completed, establishing a strong technical foundation [4] Group 3: Exploration and Resource Potential - Lake Victoria Gold has identified three high-priority targets within the Tembo Project area, showing promising gold grades and potential for resource growth [6] - Notable drilling results at the Ngula 1 target include intercepts of 3.13 grams per tonne (g/t) over 25.89 meters and 22.18 g/t over 15 meters, indicating a potentially significant gold system [7] - At the Nyakagwe Village target, high-grade gold zones have been confirmed, with standout results of 78.1 g/t over one meter and 27.88 g/t over 3.96 meters [8] - Drilling at Nyakagwe East revealed a 300-meter mineralized zone with notable results such as 19.1 g/t over three meters, demonstrating consistency in high-grade intercepts [9] Group 4: Future Development Plans - With Mining Licenses secured, Lake Victoria Gold is evaluating development pathways, including early-stage open-pit mining and potential toll milling options for gold production [10] - The company is also considering a standalone processing plant if future volumes justify in-house processing [11] - A follow-up drill program is planned to convert historical high-grade intercepts into formal resource estimates, with 38 new exploration targets identified across the property [12] Group 5: Strategic Partnerships - Lake Victoria Gold maintains options for partnerships, having previously sold non-core licenses to Barrick Gold, which supports the advancement of the Tembo Project while providing potential upside from discoveries near the Bulyanhulu Mine [13] Group 6: Broader Industry Context - Other companies in the gold sector, such as Integra Resource Corp. and GoldMining Inc., are also advancing their projects, with significant exploration programs and permitting processes underway, reflecting a robust interest in gold mining opportunities [15][16][17]