Market Chatter: Gold Seen Advancing as Much as 14% This Year in LBMA Survey

By Midnight Trader,  January 11, 2013, 12:11:12 PM EDT

"Gold will climb as much as 14% this year and average $1,753 an ounce after posting its longest winning streak in at least nine decades, a London Bullion Market Association poll of traders and analysts showed," Bloomberg reported.

It said: "The mean response of 23 participants shows the metal will reach $1,914, trading above $1,529 through December. Prices averaged a record $1,669 in 2012. Silver will rise as much as 29%, platinum 13% and palladium 23%, the LBMA said today in an e-mail."

February gold was trading at $1,654.30, down $23.70 or 1.4%.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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