Gold prices forecast to reach $5,013 per ounce in 12 months

Delegates attending the London Bullion Market Association’s annual meeting in Sorrento, Italy projected on Tuesday that gold prices will climb to $5,013 per troy ounce within the next year. This forecast represents a rise from the current price of $4,170. In the first half of 2025, gold experienced a decline of 3% as ongoing concerns over sustained interest rate hikes continued, particularly due to the ongoing conflict in Iran.

The precious metal surged by 64% in 2025, marking the largest annual increase since 1979, and even reached a record high of $5,595 per ounce in January. At the same conference last year, delegates had anticipated gold would trade at around $4,980 by now. The LBMA conference poll of international delegates also predicted that silver prices would increase to $97 per ounce within a year from their current level of $61.

Indeed, silver has fallen by 14% this year, following a remarkable 147% rally in 2025. The survey data revealed that platinum prices are expected to rise to $1,914 per ounce from the present $1,706, while palladium is forecast to reach $1,415 from around $1,174. Both platinum and palladium have suffered declines of 17% and 28%, respectively, throughout 2025.

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