Central Banks Drive Gold Past $3,650 as Fed Cuts Rates, Trade Wars Rage September 18, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – Gold prices surged to unprecedented heights earlier this week, breaking the $3,650 barrier for the first time in history[1] as Fed policymakers cut benchmark interest rates for the first time this year[2]. Central bank and investor demand for gold is set to remain strong, averaging around 710 tonnes a quarter this year[3], with 95% of respondents believing that official gold reserves will continue to increase, up from 81% last year[4]. This powerful combination of monetary easing expectations and structural diversification away from traditional reserves is creating unprecedented demand for companies positioned in the sector, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), New Break Resources Ltd. (CSE: NBRK), Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA), Integra Resources Corp. (NYSE-American: ITRG) (TSXV: ITR), and Thor Explorations Ltd. (TSXV: THX) (OTCPK: THXPF). Gold prices are expected to average $3,675/oz by the fourth quarter of 2025 and climb toward $4,000 by mid-2026 according to J.P. Morgan Research[5], while Goldman Sachs outlined a baseline forecast for a surge to $4,000 an ounce by mid-2026, with even more aggressive scenarios possible[6]. The World Trade Policy Uncertainty Index reached record levels in the first quarter of 2025 Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has reached a pivotal agreement in principle with the Government of Tanzania on the framework for the Government's statutory free carried interest in the Imwelo Gold Project. The breakthrough, announced following productive negotiations held on September 10, 2025, in Arusha, removes one of the most significant regulatory hurdles on the pathway to production and establishes a foundation for long-term partnership between the company and Tanzania. Under Tanzania's Mining Act and recent regulations, the Government is entitled to a minimum 16% non-dilutable free carried interest in all mining projects, ensuring direct participation in the ownership of natural resources. The fiscal framework also includes a 6% royalty on gold production plus a 1% export levy, with a reduced rates of 4% for in-country refining and requirements for local beneficiation. "Reaching agreement in principle with the Ministry of Minerals marks an important milestone for Lake Victoria Gold and for Tanzania," said Marc Cernovitch, President and CEO of LVG. "The Government's participation ensures that the Imwelo Project will be developed in alignment with national priorities, including responsible mining, in-country refining, and long-term value creation for all stakeholders. While final approvals and details remain to be completed, this first step lays the groundwork for a constructive partnership through the new joint venture company." The agreement establishes a framework for creating a new joint venture company to hold and operate the Imwelo Mining Licence, providing transparency and durability for the collaboration. This regulatory clarity comes as LVG has already cleared a crucial environmental hurdle with Tanzania's National Environment Management Council approving the Updated Environmental and Social Management Plan for the fully-permitted project. The timing proves strategic with gold currently trading above $3,700 per ounce. While many explorers struggle with permitting delays, LVG now operates under clear regulatory frameworks backed by its existing 10-year renewable mining license, positioning the company among the few junior miners with both regulatory clearance and near-term production potential in one of Africa's most prolific gold regions. Imwelo sits just 12 kilometers from AngloGold Ashanti's flagship Geita mine, with the company targeting first gold within 12 months of construction start. Area C represents the priority development zone featuring 3.7 g/t average gold grades—among the highest in the historical resource. A planned strategic 7,750m drill program combines grade control drilling for mine planning with extensions targeting. Previous intercepts including 6.8m at 14.6 g/t gold from 33m demonstrate production-ready mineralization. Now as the company has officially closed an oversubscribed financing, LVG has strengthened its financial position with $6 million through a non-brokered LIFE private placement and additional $2 million private placement, expected to close imminently. Proceeds will fund work programs satisfying conditions to unlock a pre-paid forward facility with Monetary Metals for construction capital. Additional opportunities emerge through the Tembo Project, where a planned 3,000m drilling program targets shallow, high-grade zones suitable for toll milling at the nearby Nyati Resources processing facility. Historic results including 28.57 g/t over 3m from 54m demonstrate potential for immediate cash generation ahead of full Imwelo development. Beyond core development, LVG maintains exposure to potential US$45 million in milestone payments from the 2021 asset sale to Barrick's Bulyanhulu operation, plus strategic partnerships with Monetary Metals and Taifa Group, Tanzania's largest mining contractor. With government agreement secured, environmental approval complete, and financing closing imminent, Lake Victoria Gold represents the convergence of regulatory clearance, market timing, and operational momentum that positions the company for successful development in Tanzania's premier gold district. CONTINUED… Read this and more news for Lake Victoria Gold at: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ In other industry developments and happenings in the market include: New Break Resources Ltd. (CSE: NBRK) has delivered breakthrough results from its maiden drilling program at the Moray Gold Project in Ontario, with hole NBR-25-05 returning 4.11 g/t gold over 31.3 metres and hole NBR-25-04 intersecting 3.35 g/t gold over 14.8 metres. The six-hole, 1,502-metre program completed between July and August 2025 represents the discovery of a new gold system at the property located 49 km south of Timmins and 32 km northwest of Alamos Gold's Young-Davidson mine. "The results from drillholes four and five represent the discovery of a new gold system and the best gold intersections ever returned at the Moray gold project," said William Love, Chief Executive Officer of New Break. "While historical drilling indicates that gold mineralization within the Fiset syenite intrusion at Moray may share similar characteristics to the syenite hosted Young-Davidson gold deposit, New Break now believes that sulfide mineralization within the Zavitz zone and below Trench 12, appears to have been remobilized and partitioned into the hematized mafic volcanics bounding the west flank of the Fiset intrusion." The company is interpreting drilling results with a view to establishing targets for a follow-up drilling program planned for fall 2025, while noting that the syenite intrusive at Moray is interpreted to be three times the size of the intrusive at Young-Davidson by area. New Break also maintains a 20% carried interest in the Sundog gold project in Nunavut, providing shareholders additional exposure to gold exploration potential in one of Canada's emerging mining regions. Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA) has received a preliminary project letter and indicative term sheet from the Export-Import Bank of the United States for $2 billion in potential debt financing for its Stibnite Gold Project in Idaho. The PPL provides a summary of EXIM's initial due diligence findings for the project, which represents one of the highest-grade open pit gold deposits in the United States and would produce the only mined source of antimony in the country. "Perpetua Resources received its final federal permit for the Stibnite Gold Project in the second quarter of 2025, after eight years of rigorous interagency coordination and review," said Jon Cherry, President and CEO of Perpetua Resources. "Following the successful equity offering earlier this year, Perpetua is focused on finalizing a potential royalty or stream arrangement with financial assurance guarantees, commencing early works construction in the fall of 2025 while advancing the EXIM debt financing." The company is anticipating final EXIM Board consideration by spring 2026 and continues working with the bank to advance through the next stages of due diligence and loan application processes. Perpetua closed a $425 million equity financing earlier in 2025 that will cover the equity portion of the estimated $2.2 billion construction cost for the project designed to restore an abandoned mine site while producing both gold and critical antimony resources. Integra Resources Corp. (NYSE-American: ITRG) (TSXV: ITR) has achieved a major permitting milestone with the U.S. Bureau of Land Management's acceptance of its updated Mine Plan of Operations for the DeLamar Project in Idaho. The determination of administrative completeness represents a critical step in permitting DeLamar and considers nearly three years of environmental baseline studies, initial engineering design, and mine plan optimization for the past-producing gold-silver project. "The acceptance of the updated MPO for DeLamar highlights the quality and scarcity value of the DeLamar Project," said George Salamis, President, CEO and Director of Integra. "Incorporating several years of environmental baseline studies, initial engineering design, and descriptions of mining and reclamation activities, the acceptance of the refined MPO represents a major milestone on the path to permitting mining activities at DeLamar." The updated MPO leverages the refining capacity of Integra's Florida Canyon Mine to reduce ore processing activities at DeLamar and incorporates project updates from the ongoing feasibility study expected in Q4 2025. Integra recently entered into a Relationship Agreement with the Shoshone-Paiute Tribes, establishing a transformative partnership for DeLamar's development as one of the few gold-silver projects in the Western United States actively advancing through the NEPA mine permitting process. Thor Explorations Ltd. (TSXV: THX) (OTCPK: THXPF) has signed a binding agreement to increase its stake to 100% interest in the Douta Gold Project in Senegal through a $3 million cash payment and 1.5% Net Smelter Royalty to its joint venture partner. The company has also acquired a 65% interest in the contiguous Bousankhoba Exploration Permit, which features extensive geochemical targets associated with an 18-kilometre strike length shear zone and historical drilling results including 10 metres at 3.6 g/t gold. "We are delighted to have agreed terms and signed binding agreements with IMC, our Douta Project joint venture partner, to complete this important and strategic acquisition," said Segun Lawson, President & CEO of Thor. "With the Douta Project Preliminary Feasibility Study at an advanced stage, there is compelling strategic rationale for the Acquisition." Thor is positioned to deliver the Douta Preliminary Feasibility Study in Q4 2025 on a 100% ownership basis, with the Bousankhoba permit providing significant exploration upside potential and an expanded project footprint in Senegal. The company also operates the producing Segilola Gold Project in Nigeria and holds interests in gold projects across West Africa including the Guitry Gold Project in Côte d'Ivoire. Article Source: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ Baystreet.ca [email protected] (250) 999-4849 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is owned by Baystreet.ca Media Corp. (“BAY”). BAY has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from a shareholder of the Company (333,333 unrestricted shares). There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of “BAY” reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. -- SOURCES CITED: 1. https://uk.finance.yahoo.com/news/gold-pound-oil-prices-commodities-083542537.html 2. https://www.nbcnews.com/business/economy/federal-reserve-interest-rates-decision-rcna231729 3. https://www.jpmorgan.com/insights/global-research/commodities/gold-prices 4. https://www.gold.org/goldhub/gold-focus/2025/07/central-bank-gold-buying-picks-may 5. https://www.jpmorgan.com/insights/global-research/commodities/gold-prices 6. https://www.cbsnews.com/news/gold-prices-surge-past-3600-per-ounce-is-it-too-late-to-buy-in-now/
Central Banks Drive Gold Past $3,650 as Fed Cuts Rates, Trade Wars Rage September 18, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – Gold prices surged to unprecedented heights earlier this week, breaking the $3,650 barrier for the first time in history[1] as Fed policymakers cut benchmark interest rates for the first time this year[2]. Central bank and investor demand for gold is set to remain strong, averaging around 710 tonnes a quarter this year[3], with 95% of respondents believing that official gold reserves will continue to increase, up from 81% last year[4]. This powerful combination of monetary easing expectations and structural diversification away from traditional reserves is creating unprecedented demand for companies positioned in the sector, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), New Break Resources Ltd. (CSE: NBRK), Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA), Integra Resources Corp. (NYSE-American: ITRG) (TSXV: ITR), and Thor Explorations Ltd. (TSXV: THX) (OTCPK: THXPF). Gold prices are expected to average $3,675/oz by the fourth quarter of 2025 and climb toward $4,000 by mid-2026 according to J.P. Morgan Research[5], while Goldman Sachs outlined a baseline forecast for a surge to $4,000 an ounce by mid-2026, with even more aggressive scenarios possible[6]. The World Trade Policy Uncertainty Index reached record levels in the first quarter of 2025 Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has reached a pivotal agreement in principle with the Government of Tanzania on the framework for the Government's statutory free carried interest in the Imwelo Gold Project. The breakthrough, announced following productive negotiations held on September 10, 2025, in Arusha, removes one of the most significant regulatory hurdles on the pathway to production and establishes a foundation for long-term partnership between the company and Tanzania. Under Tanzania's Mining Act and recent regulations, the Government is entitled to a minimum 16% non-dilutable free carried interest in all mining projects, ensuring direct participation in the ownership of natural resources. The fiscal framework also includes a 6% royalty on gold production plus a 1% export levy, with a reduced rates of 4% for in-country refining and requirements for local beneficiation. "Reaching agreement in principle with the Ministry of Minerals marks an important milestone for Lake Victoria Gold and for Tanzania," said Marc Cernovitch, President and CEO of LVG. "The Government's participation ensures that the Imwelo Project will be developed in alignment with national priorities, including responsible mining, in-country refining, and long-term value creation for all stakeholders. While final approvals and details remain to be completed, this first step lays the groundwork for a constructive partnership through the new joint venture company." The agreement establishes a framework for creating a new joint venture company to hold and operate the Imwelo Mining Licence, providing transparency and durability for the collaboration. This regulatory clarity comes as LVG has already cleared a crucial environmental hurdle with Tanzania's National Environment Management Council approving the Updated Environmental and Social Management Plan for the fully-permitted project. The timing proves strategic with gold currently trading above $3,700 per ounce. While many explorers struggle with permitting delays, LVG now operates under clear regulatory frameworks backed by its existing 10-year renewable mining license, positioning the company among the few junior miners with both regulatory clearance and near-term production potential in one of Africa's most prolific gold regions. Imwelo sits just 12 kilometers from AngloGold Ashanti's flagship Geita mine, with the company targeting first gold within 12 months of construction start. Area C represents the priority development zone featuring 3.7 g/t average gold grades—among the highest in the historical resource. A planned strategic 7,750m drill program combines grade control drilling for mine planning with extensions targeting. Previous intercepts including 6.8m at 14.6 g/t gold from 33m demonstrate production-ready mineralization. Now as the company has officially closed an oversubscribed financing, LVG has strengthened its financial position with $6 million through a non-brokered LIFE private placement and additional $2 million private placement, expected to close imminently. Proceeds will fund work programs satisfying conditions to unlock a pre-paid forward facility with Monetary Metals for construction capital. Additional opportunities emerge through the Tembo Project, where a planned 3,000m drilling program targets shallow, high-grade zones suitable for toll milling at the nearby Nyati Resources processing facility. Historic results including 28.57 g/t over 3m from 54m demonstrate potential for immediate cash generation ahead of full Imwelo development. Beyond core development, LVG maintains exposure to potential US$45 million in milestone payments from the 2021 asset sale to Barrick's Bulyanhulu operation, plus strategic partnerships with Monetary Metals and Taifa Group, Tanzania's largest mining contractor. With government agreement secured, environmental approval complete, and financing closing imminent, Lake Victoria Gold represents the convergence of regulatory clearance, market timing, and operational momentum that positions the company for successful development in Tanzania's premier gold district. CONTINUED… Read this and more news for Lake Victoria Gold at: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ In other industry developments and happenings in the market include: New Break Resources Ltd. (CSE: NBRK) has delivered breakthrough results from its maiden drilling program at the Moray Gold Project in Ontario, with hole NBR-25-05 returning 4.11 g/t gold over 31.3 metres and hole NBR-25-04 intersecting 3.35 g/t gold over 14.8 metres. The six-hole, 1,502-metre program completed between July and August 2025 represents the discovery of a new gold system at the property located 49 km south of Timmins and 32 km northwest of Alamos Gold's Young-Davidson mine. "The results from drillholes four and five represent the discovery of a new gold system and the best gold intersections ever returned at the Moray gold project," said William Love, Chief Executive Officer of New Break. "While historical drilling indicates that gold mineralization within the Fiset syenite intrusion at Moray may share similar characteristics to the syenite hosted Young-Davidson gold deposit, New Break now believes that sulfide mineralization within the Zavitz zone and below Trench 12, appears to have been remobilized and partitioned into the hematized mafic volcanics bounding the west flank of the Fiset intrusion." The company is interpreting drilling results with a view to establishing targets for a follow-up drilling program planned for fall 2025, while noting that the syenite intrusive at Moray is interpreted to be three times the size of the intrusive at Young-Davidson by area. New Break also maintains a 20% carried interest in the Sundog gold project in Nunavut, providing shareholders additional exposure to gold exploration potential in one of Canada's emerging mining regions. Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA) has received a preliminary project letter and indicative term sheet from the Export-Import Bank of the United States for $2 billion in potential debt financing for its Stibnite Gold Project in Idaho. The PPL provides a summary of EXIM's initial due diligence findings for the project, which represents one of the highest-grade open pit gold deposits in the United States and would produce the only mined source of antimony in the country. "Perpetua Resources received its final federal permit for the Stibnite Gold Project in the second quarter of 2025, after eight years of rigorous interagency coordination and review," said Jon Cherry, President and CEO of Perpetua Resources. "Following the successful equity offering earlier this year, Perpetua is focused on finalizing a potential royalty or stream arrangement with financial assurance guarantees, commencing early works construction in the fall of 2025 while advancing the EXIM debt financing." The company is anticipating final EXIM Board consideration by spring 2026 and continues working with the bank to advance through the next stages of due diligence and loan application processes. Perpetua closed a $425 million equity financing earlier in 2025 that will cover the equity portion of the estimated $2.2 billion construction cost for the project designed to restore an abandoned mine site while producing both gold and critical antimony resources. Integra Resources Corp. (NYSE-American: ITRG) (TSXV: ITR) has achieved a major permitting milestone with the U.S. Bureau of Land Management's acceptance of its updated Mine Plan of Operations for the DeLamar Project in Idaho. The determination of administrative completeness represents a critical step in permitting DeLamar and considers nearly three years of environmental baseline studies, initial engineering design, and mine plan optimization for the past-producing gold-silver project. "The acceptance of the updated MPO for DeLamar highlights the quality and scarcity value of the DeLamar Project," said George Salamis, President, CEO and Director of Integra. "Incorporating several years of environmental baseline studies, initial engineering design, and descriptions of mining and reclamation activities, the acceptance of the refined MPO represents a major milestone on the path to permitting mining activities at DeLamar." The updated MPO leverages the refining capacity of Integra's Florida Canyon Mine to reduce ore processing activities at DeLamar and incorporates project updates from the ongoing feasibility study expected in Q4 2025. Integra recently entered into a Relationship Agreement with the Shoshone-Paiute Tribes, establishing a transformative partnership for DeLamar's development as one of the few gold-silver projects in the Western United States actively advancing through the NEPA mine permitting process. Thor Explorations Ltd. (TSXV: THX) (OTCPK: THXPF) has signed a binding agreement to increase its stake to 100% interest in the Douta Gold Project in Senegal through a $3 million cash payment and 1.5% Net Smelter Royalty to its joint venture partner. The company has also acquired a 65% interest in the contiguous Bousankhoba Exploration Permit, which features extensive geochemical targets associated with an 18-kilometre strike length shear zone and historical drilling results including 10 metres at 3.6 g/t gold. "We are delighted to have agreed terms and signed binding agreements with IMC, our Douta Project joint venture partner, to complete this important and strategic acquisition," said Segun Lawson, President & CEO of Thor. "With the Douta Project Preliminary Feasibility Study at an advanced stage, there is compelling strategic rationale for the Acquisition." Thor is positioned to deliver the Douta Preliminary Feasibility Study in Q4 2025 on a 100% ownership basis, with the Bousankhoba permit providing significant exploration upside potential and an expanded project footprint in Senegal. The company also operates the producing Segilola Gold Project in Nigeria and holds interests in gold projects across West Africa including the Guitry Gold Project in Côte d'Ivoire. Article Source: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ Baystreet.ca [email protected] (250) 999-4849 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is owned by Baystreet.ca Media Corp. (“BAY”). BAY has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from a shareholder of the Company (333,333 unrestricted shares). There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of “BAY” reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. -- SOURCES CITED: 1. https://uk.finance.yahoo.com/news/gold-pound-oil-prices-commodities-083542537.html 2. https://www.nbcnews.com/business/economy/federal-reserve-interest-rates-decision-rcna231729 3. https://www.jpmorgan.com/insights/global-research/commodities/gold-prices 4. https://www.gold.org/goldhub/gold-focus/2025/07/central-bank-gold-buying-picks-may 5. https://www.jpmorgan.com/insights/global-research/commodities/gold-prices 6. https://www.cbsnews.com/news/gold-prices-surge-past-3600-per-ounce-is-it-too-late-to-buy-in-now/