WANGUO GOLD GP (03939) saw its shares rise more than 5% during the morning trading session. At the time of writing, the stock was up 3.99%, trading at HK$16.69, with a turnover of HK$45.0369 million. The company previously announced that it expects attributable profit to owners for the 2025 fiscal year to be approximately RMB 1.4 to 1.5 billion, representing a year-on-year increase of about 143% to 161%. Analysts believe the anticipated significant growth in the company's net profit attributable to owners for 2025 is primarily driven by the rising price of gold. It was noted that the expansion project for the company's Jinling Mine shows promising prospects. Furthermore, the company has entered into a subscription agreement with Jinshan Mining to accelerate the development of the Jinling project, while the daily production output at the Jinling Mine continues to increase. A separate research report suggested that, overall, gold purchases by central banks worldwide and increased exposure to gold by private investors in anticipation of Federal Reserve interest rate cuts are expected to push gold prices to gradually climb to $5,400 per ounce by the end of 2026. The report also indicated that if further diversification by the private sector occurs, the forecast for gold prices would face significant upside risks when measured using a call option structure.