Industry experts expect gold to rebound next year, with the potential for a 22% upside from current levels, according to a London Bullion Market Association (LBMA) survey.
Delegates at the LBMA’s annual gathering in Sorrento, Italy, showed confidence in gold’s potential to recover over the next 12 months.
Over that period, gold prices are expected to rise to US$5,013 ($7,180) an ounce, a survey of the delegates shows.
Currently, the yellow metal is trading at around US$4,160 an ounce, down about 4.5% year-to-date despite hitting a record high of US$5,595 in January.
For much of the year, prices have come under pressure due to expectations of higher interest rates to mitigate inflation caused by the US-Iran war.
This is a sharp contrast to its performance in 2025, when the metal rose by about two-thirds for its biggest yearly rise since 1979.
This time last year, delegates of the LBMA conference held similar expectations, forecasting gold to be around US$4,980 by now.
Other precious metals
In the same poll, the participants also predicted silver to jump to US$97 per ounce in a year’s time, up 60% on current levels.
So far this year, silver has fallen 14% after rallying by nearly 150% in 2025.
The poll also showed higher forecasts for platinum and palladium prices, at US$1,914 and US$1,415 per ounce, respectively.
Write to Jackson Chen at Mining.com.au
Main Image: Pixabay
