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Gold Industry Sees Bullion Rising 10% in Year Despite Rates

  • LBMA survey includes top gold traders, refiners and miners
  • Higher interest rates have kept bullion price under pressure
Gold casting grain at a precious metal refinery in Balerna, Switzerland.

Gold casting grain at a precious metal refinery in Balerna, Switzerland.

Photographer: Stefan Wermuth/Bloomberg
Updated on

Gold will rebound strongly next year, despite higher interest rates, according to a survey of the bullion industry.

Delegates gathered in Lisbon for the London Bullion Market Association’s annual conference expect prices to rise to $1,830.50 an ounce by this time next year, about 10% above current levels. The survey included the world’s top traders, refiners and miners.