Gold is set to rise about 7 percent by the time of the London Bullion Market Association conference in October 2017, according to a survey of people attending this year’s gathering in Singapore. Silver will gain 18 percent.
The yellow metal will trade at $1,347.40 an ounce in a year’s time compared with $1,262.40 on Wednesday, while silver will change hands at $20.90 an ounce from $17.65, the survey showed. Last October, attendees predicted the price would be $1,160 in 12 months’ time, about $100 less than it is now.
