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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold seen climbing to $1,405 an ounce next year in LBMA survey

Posted on 02 October 2013

Gold prices, which have fallen more than 20 percent this year, are expected to have rebounded to $1,405 an ounce by November 2014, delegates to the London Bullion Market Association’s annual conference forecast on Tuesday.
Silver, this year’s biggest faller with a 30 percent drop, is also forecast to rise to $25 by November next year. Platinum prices are expected to stand at $1,675 an ounce, and palladium at $837 an ounce. Gold has dropped this year on the back of expectations that a steadier macroeconomic environment will lead the Federal Reserve to curb its bullion-friendly stimulus measures and boost other assets like stocks at gold’s expense………………………………………..Full Article: Source


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