Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
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 is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. 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. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Monday, 22 June 2026
6 min
Monday, 22 June 2026
7 min
Monday, 22 June 2026
7 min
Tuesday, 23 June 2026
Indices
Kospi's $474 Billion Rout Exposes AI Concentration Risks Ahead of Micron Report
Tuesday, 23 June 2026
Indices
Gold Approaches Critical $4,000 Threshold as Hawkish Fed Repricing Eclipses Geopolitical Premium
Tuesday, 23 June 2026
Indices
WTI Crude Edges Higher but Remains Under Pressure Near $72.50 After Recent Low
Monday, 22 June 2026
Indices
South Korean Chip Stocks Slide as Profit-Taking Hits Samsung and SK Hynix
Monday, 22 June 2026
Indices
Dow Advances on Value Rotation While Tech Sell-Off and Plunging Crude Drag S&P 500, Nasdaq Lower
Monday, 22 June 2026
Indices
Gold Price Today, June 23: Spot Gold Nears $4,200 as US-Iran Peace Roadmap Curbs Inflation Fears
EN
