LBMA Media Centre

The full version of the 2015 LBMA Forecast Survey is now available.
 
A record thirty five analysts representing thirty one different companies participated in the 2015 Forecast Survey. Contributors are forecasting that average gold prices will remain broadly flat, a modest increase in the silver price and a slightly more bullish outlook for both platinum and palladium. 
 
Contributors are forecasting gold prices to average $1,211 in 2015, a fall of 0.6% against the price in the first half of January 2015. Silver, the worst performing of the four metals in 2014, is forecast to increase in price by 2.1%. Forecasters are more bullish about the prospects of the PGM prices, with platinum predicted to be the best performing with an increase of 5.6% and palladium, forecast to increase by 5.3%.
 
Click here to read the full survey, which includes analysts’ supporting commentaries.
 
To help you navigate more easily round the Report the tables are interactive. By selecting the name of a contributor you will be taken directly to their supporting commentary.  Read More

The London Bullion Market Association (LBMA) and TriOptima, leading provider of OTC derivatives post trade risk services, announce today that twelve market participants eliminated 99% of their outstanding gold interest rate swap (IRS) trades with each other prior to the discontinuation of the Gold Forward Offer Rate (GOFO) fixing on January 30, 2015. Working with the London Bullion Market Association (LBMA) to offer a special triReduce termination cycle prior to the disappearance of the GOFO rate, TriOptima was able to assist the market in tearing up most of the outstanding gold interest rate swap trades that rely on the GOFO Rate to fix and reset these trades.   Read More

Alchemist 76 is available online.    Read More

The London Bullion Market Association is delighted to congratulate the winning analysts in the 2014 Precious Metals Forecast (see table below). The aim of the LBMA Forecast is to predict the average, high and low price for the year ahead in each metal as accurately as possible. The prediction closest to the average price wins (based on the average $ daily pm fixing price). In the event of a tie the forecast range is taken into account. The LBMA is grateful to PAMP SA for its generous donation of the 1 oz gold bars which will be awarded to the 2014 winning analysts in each of the four precious metal categories.   Read More

The silver refinery of Yanggu Xiangguang Copper Co., Ltd (Yanggu Xiangguang) of China has been added to the LBMA’s Good Delivery List for silver with effect from Monday 5^th January, 2015  Read More

The silver refinery of Hunan Yuteng Nonferrous Metals Co., Ltd (Hunan Yuteng) of China has been added to the LBMA’s Good Delivery List for silver with effect from Monday 5^th January, 2015.  Read More