October 16, 2024

Gold Industry Sees Bullion Surging 10% in a Year to New Record

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Gold is expected to climb to record highs over the next year, according to a survey of the bullion industry at a major annual gathering.

Delegates at the London Bullion Market Association event in Miami expect prices to rise to $2,917.40 an ounce by late October next year, about 10% above current levels. The number is based on an average of forecasts from traders, refiners and miners, who were surveyed over two days by the LBMA at the conference.

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