Analysts in this year’s survey submitted their forecasts by close of business on 13 January 2025, giving them the chance to observe eight days of trading before confirming their contributions.
Gold outlook:
This year’s forecast has seen bullish price forecasts submitted by analysts, who collectively expect gold to outperform 2024 with an average price of $2,736.69 – 14.7% higher than the average price* for 2024 ($2,386.20), and just $51 lower than the record gold price for 2024 ($2,788.54 – AM auction, October 30). A wide forecast trading range, however, indicates analysts are expecting significant price volatility. Furthermore, no analyst has forecast an average price above $3,000, but 20 analysts see a high price of $3,000 or above.
Silver outlook:
Analysts expect silver to follow in gold’s bullish path this year, with an average forecast price of $32.86, 16% greater than the actual average price in 2024.
Platinum outlook:
The forecasts for platinum reveal low expectations, with an average price predicted by the analysts of $1,021.64 – just $65 greater than the actual price average for 2024, revealing a similarly bearish sentiment to the 2024 forecast.
Palladium outlook:
Analysts reflect concerns of oversupply and weak demand growth for palladium, with an average forecast of $991 – barely scraping above the actual average for 2024 of $983, which itself was a large drop from the 2023 average price of $1,337.39.
Discover More
Who are our most bullish and most bearish analysts for the four metals? And what are the key drivers they identified for the gold price? Take a look at the forecast section of the LBMA website to discover more.
You can also watch back our webinar in which analysts dive deep into the data.
