Gold's rally shows no signs of stopping! An LBMA survey predicts that gold prices will test $5,000 within 12 months.
2025-10-29 16:27:32
After two consecutive years of severely underestimating gold's potential, market participants are catching up – judging from the sentiment conveyed at the 2025 London Bullion Market Association (LBMA) Global Precious Metals Conference, the industry expects gold prices to test the $5,000 per ounce resistance level by this time next year.
A survey conducted during this conference showed that delegates predict gold prices will rise to $4,980.30 per ounce. This LBMA forecast implies an increase of approximately 25% from current prices.
This optimistic outlook comes as gold prices, after hitting a record high of $4,381.29 per ounce, have been hit by a sell-off and have rebounded to above $4,000 on Wednesday (October 29), after previously fluctuating below $4,000.
Last year, delegates predicted that gold prices would remain around $2,941 per ounce, but the actual price is now more than a third higher than last year's prediction.
(Spot gold daily chart, source: FX678)
Silver and platinum vie for attention, with surging investment demand supporting gold prices.
Gold is posting its best annual performance since 1979 with a gain of over 50%, but it is not the best-performing asset among precious metals. Silver has risen 61% this year, and platinum has gained over 93% year-to-date.
A survey showed that 40% of attendees expect gold to continue leading the precious metals sector until 2026. Last year, attendees predicted that silver would dominate the market, but almost no one anticipated the strong performance of platinum since this summer.
The LBMA survey also indicated that 30% of respondents expect platinum prices to maintain their upward trend, making it the best-performing precious metal this year. Participants predicted that by this time next year, platinum prices will climb to $1815.50 per ounce, a 14% increase from current prices.
Regarding silver, 21% of representatives expect it to be the best-performing asset next year. Silver prices are projected to reach $59.10 per ounce by this time next year, a 25% increase from current levels.
Despite gold continuing to significantly exceed expectations, many market participants were not surprised by its performance, given the explosive growth in investment demand this year.
During a panel discussion on the opening day of the conference, Wayne Gordon, Managing Director and Chief Investment Officer of UBS Group, revealed that clients' gold holdings in their portfolios have doubled this year, and the number of clients allocating gold has tripled.
Gordon admitted, "To be honest, we may have raised our gold price forecasts six times this year—when we thought we were being aggressive enough at the beginning of the year."
(Spot silver daily chart, source: EasyForex)
At 16:25 Beijing time, spot gold was trading at $4010.18 per ounce.
A survey conducted during this conference showed that delegates predict gold prices will rise to $4,980.30 per ounce. This LBMA forecast implies an increase of approximately 25% from current prices.
This optimistic outlook comes as gold prices, after hitting a record high of $4,381.29 per ounce, have been hit by a sell-off and have rebounded to above $4,000 on Wednesday (October 29), after previously fluctuating below $4,000.
Last year, delegates predicted that gold prices would remain around $2,941 per ounce, but the actual price is now more than a third higher than last year's prediction.
(Spot gold daily chart, source: FX678)
Silver and platinum vie for attention, with surging investment demand supporting gold prices.
Gold is posting its best annual performance since 1979 with a gain of over 50%, but it is not the best-performing asset among precious metals. Silver has risen 61% this year, and platinum has gained over 93% year-to-date.
A survey showed that 40% of attendees expect gold to continue leading the precious metals sector until 2026. Last year, attendees predicted that silver would dominate the market, but almost no one anticipated the strong performance of platinum since this summer.
The LBMA survey also indicated that 30% of respondents expect platinum prices to maintain their upward trend, making it the best-performing precious metal this year. Participants predicted that by this time next year, platinum prices will climb to $1815.50 per ounce, a 14% increase from current prices.
Regarding silver, 21% of representatives expect it to be the best-performing asset next year. Silver prices are projected to reach $59.10 per ounce by this time next year, a 25% increase from current levels.
Despite gold continuing to significantly exceed expectations, many market participants were not surprised by its performance, given the explosive growth in investment demand this year.
During a panel discussion on the opening day of the conference, Wayne Gordon, Managing Director and Chief Investment Officer of UBS Group, revealed that clients' gold holdings in their portfolios have doubled this year, and the number of clients allocating gold has tripled.
Gordon admitted, "To be honest, we may have raised our gold price forecasts six times this year—when we thought we were being aggressive enough at the beginning of the year."
(Spot silver daily chart, source: EasyForex)
At 16:25 Beijing time, spot gold was trading at $4010.18 per ounce.
- Risk Warning and Disclaimer
- The market involves risk, and trading may not be suitable for all investors. This article is for reference only and does not constitute personal investment advice, nor does it take into account certain users’ specific investment objectives, financial situation, or other needs. Any investment decisions made based on this information are at your own risk.
