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Wednesday Oct 29 2025 00:00
2 min
At its annual conference in Kyoto, the London Bullion Market Association (LBMA) representatives predicted that gold prices would reach $4980 per ounce within the next 12 months, an increase of approximately 27% from current levels. This potential surge reflects a cautiously optimistic market sentiment, driven by a combination of economic and geopolitical factors.
So far this year, gold prices have risen by a notable 52%, putting them on track for their biggest annual gain since 1979. Gold has already broken through significant psychological resistance levels, surpassing $3000 per ounce in March and then $4000 per ounce in October.
These predictions are part of an annual survey conducted by the LBMA, which was presented to delegates at their recent conference. The significant increase in gold prices is attributed to several factors, including ongoing political tensions, uncertainty regarding US tariffs, and a recent wave of fear of missing out (FOMO) that has driven prices to record levels.
On October 20th, gold prices soared to a record high of $4381 per ounce. In comparison to the LBMA's predictions, a recent survey published by foreign media on Monday suggests that the average gold price for 2026 is expected to be $4275, driven by gold's safe-haven appeal amid economic and geopolitical turmoil.
In addition to gold, a poll taken at the LBMA conference predicted that silver prices would jump from approximately $46 per ounce to $59 within a year. Silver prices have risen by 62% this year, its biggest gain since 2010. This increase is attributed to strong investment demand, tight supply in the London spot market, and increased purchases from India. On October 17th, silver prices reached a record high of $54.5.
They also predicted that platinum prices would rise from the current $1544 per ounce to $1816, while palladium prices would rise from approximately $1364 to $1709. Platinum and palladium prices have risen by 76% and 54% respectively so far this year, driven by tight mineral supplies and concerns about US tariffs.
Risk Warning: This article represents only the author’s views and is provided for informational purposes only. It does not constitute investment advice, investment research, or a recommendation to trade, nor does it represent the stance of the Markets.com platform. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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