Thirty analysts representing twenty six different companies participated in the London Bullion Market’s latest annual Precious Metal Forecast competition.
Contributors were bullish across the board for the four key investment metals, with analysts forecasting that the average gold price in 2017 will be 5.3% higher than the average price in the first half of January 2017.
They were slightly more bullish about the prospects for silver prices, with an increase of 7.1%, but less bullish about PGM prices. For platinum, they forecast an increase of 4.9%, but expected a more modest outlook for palladium, with a forecast increase of just 2.4%.
The full 2017 LBMA Precious Metals Forecast Survey, including each analysts’ supporting commentary, can be downloaded here: www.lbma.org.uk/assets/Forecast_2017_Interactive.pdf
