Goldman Graff’s Post

LBMA PRECIOUS METALS FORECAST SURVEY 1st February, 2024.  Annually LBMA (formerly the London Bullion Market Association) - www.lbma.org.uk - invites professional precious metals analysts to forecast the average price of gold, silver, platinum and Palladium, through the ensuing year. In 2024, 25 analysts took part in this competition submitting their forecasts on or by 11th January. Gold outlook: bullish, all analysts see gold printing new highs. (To now, the record LBMA gold price is $2078.40 per troy ounce set on 28th December 2023 - PM auction). Silver outlook: aligned with expectations for gold. The top three drivers of price: US monetary policy (25%), Central bank activity (22%), Geopolitical Risks (22%) Trust in the US dollar as well as its outright strength, or otherwise, is factored into these three main drivers. For gold the average 2024 forecast is $2,059 – a 6.1% increase on the average price of $1,940.50 for 2023. (This would be the first time the average price of gold, across a calendar year, is predicted to be over $2,000 per troy ounce). For silver the average 2024 forecast is $24.80 per troy ounce - a 6.2% increase in the average price of $23.35 in 2023.  (For platinum and palladium please see the line below) Full details of the survey, include individual analysts' forecasts are to be found via this link:  https://lnkd.in/eMkGRam6

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LBMA has conducted a brief review of 14 professional analysts’ forecasts for the price of gold during the second half of 2024. This ‘snapshot’ supplements the more extensive annual survey published by LBMA in early February covering price forecasts for the four major precious metals. Without exception, all the analysts who responded are predicting that the gold price will trade higher during H2 2024 than the record price of $2480.25 achieved today, 17 July 2024 (PM auction). An average of forecasts implies the gold price may touch $2547. Read more about this exciting development via the LBMA Newsroom: https://lnkd.in/ejr_FFvU #Gold #GoldPrice #PreciousMetals

As an alloy, gold content is measured in carats (k). Pure gold is 24k. Gold is always considered the most desirable precious metal for an investor’s portfolio, even as the prices of certain Platinum group metals have been higher. https://lnkd.in/g_pfdhYT While is can be impossible to predict the value of future markets, live gold reports help buyers make a prudent purchase. The use of an online calculator of any amount can also be helpful. #PreciousMetals #Gold #BuyGold #SellGold

Gold As one of the most precious metals, gold ranks amongst the most tradable commodities across the world. It has a long history of use merely as a commodity and notably as a commodity money. For centuries, gold has been used as a medium of exchange, store of .. https://lnkd.in/dFa2icKu #gold #bullion #bar #investing #finance #fincyclopedia #financial_encyclopedia #goldinvestment #goldinvesting

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Precious metals are undergoing consolidation. https://lnkd.in/eniz_797 #LOMAmgt #Gold #Silver #PreciousMetals #Commodities #GoldPrices #SilverPrices #PricesConsolidation

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3 major factors to consider in the sector: 1. AISC (All-in Sustaining Costs) how much does it cost per oz to extract the precious metal ? Compare to current market prices 2. How much of production is hedged because hedging caps the gain on the increased price of the precious metal? 3. Political environment is key - a mine can be nationalized overnight Visualizing The Value Gap Between The Gold Price And Gold Miners https://lnkd.in/gSfsjw_T #gold #silver #preciousmetals #options #optionstrading #aapl #gdx