UNITED KINGDOM – The average price of gold in 2018 will be $ 1318 per ounce. Such a forecast is provided by analysts and traders polled by the London Bullion Market Association (LBMA).
In 2017, the world price of gold averaged $ 1257 per ounce, the consensus forecast for 2018 implies an increase of 5%. But, for comparison, the evening benchmark of gold prices on Tuesday is $ 1344.9 per ounce.
During the year, the price may range from $ 1,120 to $ 1,510, analysts say. Spread of $ 390 per ounce promises a dynamic year for the gold market.
The level of real rates in the US, geopolitical factors, the growth rate of the world economy – respondents were divided in opinion, which will have a stronger impact.
Similarly, a large spread is expected for other precious metals, for example, for silver – $ 9, from $ 14 to $ 23 per ounce.
The average price is expected at $ 17.81, which is 4% above the level of 2017. The benchmark of Tuesday is $ 17,295 an ounce.
