Gold industry expects price rise to $5,013 an ounce over 12 months
Gold prices are set to soar to $5,013 per ounce in the next year, while silver is expected to jump from $61 to $97 per ounce. In addition, LBMA officials foresee platinum prices climbing to $1,914 an ounce and palladium rising to $1,415. This outlook occurs against a backdrop of rising interest rate worries and geopolitical...
Key Takeaways
- Gold prices are set to soar to $5,013 per ounce in the next year, while silver is expected to jump from $61 to $97 per ounce.
- In addition, LBMA officials foresee platinum prices climbing to $1,914 an ounce and palladium rising to $1,415.
- This outlook occurs against a backdrop of rising interest rate worries and geopolitical strains that continue to shape the market landscape.
Gold prices are set to soar to $5,013 per ounce in the next year, while silver is expected to jump from $61 to $97 per ounce. In addition, LBMA officials foresee platinum prices climbing to $1,914 an ounce and palladium rising to $1,415. This outlook occurs against a backdrop of rising interest rate worries and geopolitical strains that continue to shape the market landscape.
Original Publisher Attribution
This summary was curated from Economic Times.