Gold Analysts At LBMA See 25% Return To $1,532/oz In 12 months

(by Reuters from BOSTON, LBMA)
The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association’s (LBMA) annual gathering predicted on Tuesday.


Gold in USD (10 Years)

A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year’s time for silver, platinum and palladium.

Spot gold has had a difficult few months, falling from a high of $1,366.07 in January to as low as $1,159.96 in August as the dollar strengthened and the U.S. Federal Reserve pushed ahead with interest rate rises.

But it has since clawed back to around $1,225 an ounce as volatility on global stock markets revived interest in bullion as a safe place to store assets.

The poll also showed that delegates expect silver prices to rise to $15 an ounce by the end of October 2019 from around $14.50 on Tuesday.

Platinum prices were forecast to increase to $1,010 an ounce over the next year from around $835 on Tuesday and palladium was expected to rise to $1,195 from around $1,075.

Analysts and traders polled by Reuters this month said they expected gold prices to average $1,300 an ounce in 2019, silver to average $16.40, platinum to average $875 and palladium to average $1,025.

Full article from Reuters

 

News and Commentary

Gold Analysts See Prices Rising To $1,532/oz Over 12 months (Reuters.com)

Gold finishes with a loss as U.S. equities market climbs, dollar strengthens (MarketWatch.com)

Gold falls to 1-1/2 week lows, 100-DMA support around $1220 level (FXStreet.com)

Goldman Says the Return of Fear Is a Good Thing for Gold (Bloomberg.com)

‘Extremely rare’ gold coins searched for by divers in 1840 shipwreck off South Carolina (Gata.org)

Rickards: Debt Bomb Ready to Explode (DailyReckoning.com)

America’s Debt: A Recipe for Disaster (BonnerAndPartners.com)

After Germany’s Merkel Comes Chaos (DollarCollapse.com)

UK Begins Confiscating Wealth Without Criminal Charges (ZeroHedge.com)

Cash is king again, but is that also a sign that another recession is looming? (MarketWatch.com)

 

Listen on iTunes, Blubrry  & SoundCloud  or watch on YouTube above

 

Gold Prices (LBMA AM)

30 Oct: USD 1,220.00, GBP 956.36 & EUR 1,074.33 per ounce
29 Oct: USD 1,230.75, GBP 958.88 & EUR 1,078.38 per ounce
26 Oct: USD 1,236.05, GBP 964.98 & EUR 1,087.23 per ounce
25 Oct: USD 1,232.15, GBP 954.67 & EUR 1,079.36 per ounce
24 Oct: USD 1,231.65, GBP 952.80 & EUR 1,078.68 per ounce
23 Oct: USD 1,235.60, GBP 950.67 & EUR 1,076.45 per ounce

Silver Prices (LBMA)

30 Oct: USD 14.43, GBP 11.32 & EUR 12.71 per ounce
29 Oct: USD 14.65, GBP 11.42 & EUR 12.86 per ounce
26 Oct: USD 14.69, GBP 11.48 & EUR 12.94 per ounce
25 Oct: USD 14.74, GBP 11.43 & EUR 12.92 per ounce
24 Oct: USD 14.75, GBP 11.42 & EUR 12.92 per ounce
23 Oct: USD 14.71, GBP 11.33 & EUR 12.83 per ounce


Recent Market Updates

– Gold Improves Investment, Pension and Central Bank Portfolio’s Risk-Adjusted Returns
– Gold Gains Nearly 1% On Week As Global Stock Markets Fall Sharply
– Dublin Housing Boom Set To Bust?
– Palladium Surges To All Time Record High On Russian Supply Concerns
– Happy Birthday GoldCore
– “IMF Warning Highlights Gold’s Importance As A Diversification and Happy Birthday GoldCore”
– End Of The Financial World?
– Gold Reserves Surge 1,000% In Hungary As It Joins Poland, Russia, China and Other Central Banks Buying Gold
– How Do You Sell Your Digital Gold When the Internet Goes Down?
– IMF Issues Dire Warning – ‘Great Depression’ Ahead?

Mark O'Byrne

Also on news-goldcore-com

Videos

Are We In A Financial Bubble? Peter Grandich Interview

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

Blog posts

Gold Leads the Way for Silver

Gold leads the way Last week we wrote about the gold to silver ratio. Our points were that it measures the price of one metal against the other, just as we use the dollars per ounce to measure daily metals prices, and just as we use ounces per Corvette to measure purchasing power preservation. Also, […]

READ MORE

Gold, Stocks & Commodities- A Complicated Correlation

In our July 29 post titled How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs! we showed readers charts of gold as a ratio to other assets and products. We discussed that gold competes with crypto and stocks for the investment dollars. It was clear that gold as a ratio of the S&P […]

READ MORE

How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs!

Gold and silver have faced stiff competition for investment dollars. There is little doubt that the cryptocurrency hype at the end of 2020 and the first quarter of 2021 sucked investment away from gold. Some viewed it as a ‘no lose’ investment and others as the next generation alternative to fiat currencies. The sharp decline […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Are We In A Financial Bubble? Peter Grandich Interview

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

Blog posts

Gold Leads the Way for Silver

Gold leads the way Last week we wrote about the gold to silver ratio. Our points were that it measures the price of one metal against the other, just as we use the dollars per ounce to measure daily metals prices, and just as we use ounces per Corvette to measure purchasing power preservation. Also, […]

READ MORE

Gold, Stocks & Commodities- A Complicated Correlation

In our July 29 post titled How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs! we showed readers charts of gold as a ratio to other assets and products. We discussed that gold competes with crypto and stocks for the investment dollars. It was clear that gold as a ratio of the S&P […]

READ MORE

How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs!

Gold and silver have faced stiff competition for investment dollars. There is little doubt that the cryptocurrency hype at the end of 2020 and the first quarter of 2021 sucked investment away from gold. Some viewed it as a ‘no lose’ investment and others as the next generation alternative to fiat currencies. The sharp decline […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE