Aelred Connelly

By Aelred Connelly
PR Officer, LBMA

The aim of the annual survey is to predict the average, high and low price range for the year ahead in each metal as accurately as possible. The prediction closest to the average price wins a 1oz gold bar. In the event of a tie, the forecast range is taken into account.

The Winners each receive a 1oz gold bar kindly donated by PAMP.


Aakash Doshi, CitiGroup, held off all challenges to claim first prize with his forecast of $1,270, less than $2 off the actual average price. Taking the runners up spot was Hans Guenter-Ritter (Heraeus), GFMS) with his forecast of $1,255 with third place going to Jim Steel (HSBC) with his forecast of $1,284.


Just ten cents separated first and second. Robin Bhar, Societe Generale raised the bar and claimed the bar with his forecast of $16, just edging out Bernard Dahdah into second ($16.10), against an actual average price for the year of $15.71. In third place was Nell Agate (CitiGroup) with his forecast of $16.70. They booked the top three places by virtue of being the most bearish of all the analysts.


Claiming first prize was Ross Norman, Sharps Pixley with his forecast of $884 less than $5 off the actual average price in 2018 ($879.70). As an avid QPR fan, it is likely that this will be the only prize that Ross will be seeing this year. Back in second was Glyn Stevens (Independent) with his forecast of $862 followed in third by Bernard Dahdah (Natixis) with his prediction of $910.


Suki Cooper, Standard Chartered Bank came out on top in a tight finish with her forecast of $1,038, less than $9 off the actual average price for the year ($1,029.19). She just edged out Bart Melek into second ($1,019) with Bernard Dahdah grabbing third with his forecast of $1,040.