IN THE NEWS
The London Bullion Market Association has announced the winners of its 2014 Precious Metals Forecast.
The aim of the LBMA Forecast is to predict the average, high and low price for gold, silver, platinum and palladium over the year ahead. The prediction closest to the average price wins (based on the average $ daily pm fixing price).
Frederic Panizzutti of MKS (Switzerland) SA took first prize for gold with a winning forecast of $1,262 against an actual average for the year of $1,267.
In silver, Rhona OâConnell (Thomson Reuters) and Suki Cooper (Barclays) shared the honours with a forecast of $19.00 against an actual average price for the year of $19.08.
Full details of the winners can be found on the LBMA website.
ASSOCIATED STORY: How Accurate Is The LBMA Precious Metals Forecast Survey?
