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KEFI Minerals Plc

77-year chart shows upswing in gold mining stocks have hardly begun

Gold was trading just shy of the $1,320 an ounce mark in overnight trade in New York on Thursday, a three-week high. The latest bounce comes after Wednesday’s Federal Reserve meeting confirmed market expectations that interest rates remain on hold for the rest of the year.

A panel of 22 gold analysts surveyed by FocusEconomics in March sees a gentle rise for gold in 2019 to average around $1,350 an ounce this time next year.

While gold’s prospects in 2019 are rosy if not spectacular, gold mining equities have hardly begun a run-up in value.

KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.