The aim of the LBMA Forecast is to predict the average, high and low price for each metal as accurately as possible. The prediction closest to the average price in wins (based on the average $ daily pm fixing price). In the event of a tie the forecast range is taken into account.
In 2013, Forecast contributors predict rises for all precious metals for the fourth year in a row. Their average gold forecast is US$1,753, a 5.3% increase compared to the average price to date in January 2013. The range and average price predictions for 2013 can be found in the press release issued on 11 January. Click here for more details.
The full survey, including the commentaries, is now availble on the Forecast 2013 page.
Forecast 2013 - Winners
The London Bullion Market Association is delighted to congratulate the winning analysts in the 2012 Precious Metals Forecast Survey:
Gold - Rene Hochreiter, Allan Hochreiter (Pty) Ltd
Silver - Thorston Proetell, LBBW
Platinum - Tom Kendall, Credit Suisse Securities Europe (Ltd)
Palladium - Frederic Panizzutti, MKS (Switzerland) SA