2019 rollercoaster ride for precious metals
- Published: Feb 4, 2019, 7 AM
The LBMA’s annual forecast, based on a compilation of market assessments by multiple precious metals analysts, places the average gold price prediction from analysts for gold at $1,311.71 per ounce, the average for silver at $16.28, platinum at $850.71 and palladium at $1,267.68.
Inside Coin World: Most fruitful series for die varieties missing in action: The Lincoln cent series is generally the most fruitful for collectors of die varieties like doubled dies and repunched Mint marks, but not this month.
The closing London PM spot price fix for gold Jan. 30 was $1,310.70, $15.92 for silver, $812 for platinum and $1,344 for palladium. During calendar year 2018, the spot price of gold averaged $1,268.41, silver $15.71, platinum $879.70 and palladium $1,029.19.
The LBMA survey sees gold in 2019 trading in a range between $1,150 and $1,475 per ounce, silver at $12.75 to $40, platinum at $620 to $1,050, and palladium at $815 to $1,715 per ounce.
“Whilst markets have factored in some of the downside risks of Brexit and U.S.-China trade wars, other factors such the level of U.S. real interest rates, strength/weakness of the dollar, the likely impact of geopolitical factors and the pace of global economic growth continues to provide some uncertainty,” according to the LBMA survey.
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