The 2015 Forecast Winners Update Their 2016 Forecasts
Monday, July 25, 2016
Back in January, analysts participating in the LBMA’s Annual Forecast Survey submitted their usual forecasts predicting their outlook for precious metal prices in 2016.
Analysts painted a rather bearish outlook for gold, forecasting a modest increase of just 1.1%. A more bullish outlook was forecast for silver (+5.5%) and the PGM metals (platinum +5.4% and palladium +12.7%). However, in the first half of 2016, we saw gold prices hit a two-year high and the prices of the other metals outturn above market expectations.And at the end of June, the UK’s decision to leave the EU injected further stimulus to prices. We therefore thought it would be interesting to invite each of the winners of last year’s Forecast Survey to reassess their 2016 forecasts.