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LBMA survey: Gold, silver seen flat in 2014; PGMs expected to rise

Posted on 22 January 2014

Analysts taking part in the annual London Bullion Market Association survey look for gold and silver prices to be “broadly flat” in 2014 but look for “modest” increases in platinum group metals, the organization said Tuesday.
Collectively, participants in the survey look for gold to average $1,219 an ounce in 2014, which would be 0.9% lower than the first week of the year, the LBMA said. Gold closed 2013 at $1,201.50 an ounce, which was 28% lower than the first week of 2013 and ended 12 consecutive years of price growth. The average forecast range for 2014 was listed at $1,067 to $1,379……………………………..Full Article: Source


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