Gold May Rise to $1,450 in a Year, LBMA Survey Shows
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Gold may advance 12 percent to a record $1,450 an ounce in a year, according to the average response in a survey of attendees at the London Bullion Market Association’s annual conference.
The estimate is above yesterday’s prediction for a price of $1,406 an ounce by the time of the LBMA’s next gathering in September 2011. Immediate-delivery bullion reached an all-time high of $1,300.15 in London yesterday. Silver, platinum and palladium will also increase, today’s survey showed.