LBMA “experts” go for $1,211 gold price average in 2015, $16.76 silver

GoldEach year, the renowned London Bullion Market Association announces price forecasts for precious metals after receiving submissions from invited experts. Entries closest to the actual average price by the end of the year will be declared the winner.

Forecast averages include:

  • Gold – $1211
  • Silver – $16.76
  • Platinum – $1294
  • Palladium – $839.40

Gold forecasts varied widely, with Ross Norman of Sharps-Pixley anticipating a 2015 average price of $1321, while Adam Myers of Credit Agricole predicting an average of $950, which if it were to happen, would mean gold would fall to around $700 at some point during the year.

Silver is expected to do well, and average 2.1% higher in 2015. The most bullish forecast predicts a yearly average of $18.56, while the most pessimistic says $13.

However, a strengthening dollar and US economy could hold any gains by gold and silver in check.

Analysts are most bullish on platinum and palladium this year, and cite significant supply deficits coupled with more demand. Although the general consensus is rather flat, platinum could average as high as $1434 or as low as $1098, while palladium could average as high as $838.40 and as low as $950 on the year.

 

Each year, the renowned London Bullion Market Association announces price forecasts for precious metals after receiving submissions from invited experts. Entries closest to the actual average price by the end of the year will be declared the winner.

Forecast averages include:

  • Gold – $1211
  • Silver – $16.76
  • Platinum – $1294
  • Palladium – $839.40

Gold forecasts varied widely, with Ross Norman of Sharps-Pixley anticipating a 2015 average price of $1321, while Adam Myers of Credit Agricole predicting an average of $950, which if it were to happen, would mean gold would fall to around $700 at some point during the year.

Silver is expected to do well, and average 2.1% higher in 2015. The most bullish forecast predicts a yearly average of $18.56, while the most pessimistic says $13.

However, a strengthening dollar and US economy could hold any gains by gold and silver in check.

Analysts are most bullish on platinum and palladium this year, and cite significant supply deficits coupled with more demand. Although the general consensus is rather flat, platinum could average as high as $1434 or as low as $1098, while palladium could average as high as $838.40 and as low as $950 on the year.

 

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