TREE NEWS reports: A survey of delegates at the London Bullion Market Association’s annual conference put gold at $5,013 an ounce one year from now. The LBMA released the poll of attending delegates, making it the industry body’s latest consensus forecast for the metal’s price path. No other figures from the survey were disclosed.
LBMA survey forecasts gold at $5,013 an ounce in a year
AI take
The significance lies less in the number than in the source: a consensus poll of the bullion market's own membership, not a single bank's call, which makes it a useful read on how the professional gold trade is positioning its expectations. The absence of any other disclosed figures means there is no detail on the dispersion of views or the range around that average, so it is unclear how strongly delegates actually agree. Whether this consensus holds, and how it sits against the market's own pricing, is the open question worth watching.
Generated by AI for reference only.
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