While analysts digest forecasts for the main precious metals for this year that, Incidentally, they show a wide range of negotiation which indicate that the market expects significant prices, they met Who were the best forecasts of 2024.
The traditional survey that the London Bullion Market Association (LBMA) of predictions on the price of Gold, silver, platinum and paladium He showed some old acquaintances on the podium and changes in the ranking.
It is worth remembering that the Crazy London Market is the financial market of most large and older precious metals in the world, where participants and customers around the world make personalized transactions through trading operations.
Where, according to lbma, gold only moves per day, U $ 60,000 million in negotiations. As a prize, the winners of 2024 They took a gold bullion from a Troy ounce -Donon by mks pamp Group-.
Gold: Who were the analysts who gave the most accurate forecast?
It should be remembered first what were the forecasts and real results of the winners of 2024. For example, in the case of the Gold, the 2024 winning prognostic price was US $ 2,170; he Current average price 2024 was US $ 2,386.20; the average forecast of analysts 2024 of US $ 2,058.96; The real average price of 2023 was US $ 1,940.54; and the current price of the survey was US $ 2,040.19.
For silver, they were US $ 27; U $ 28.27; U $ 24.76; U $ 23.49 YU $ S $ 23.14, respectively, while for platinum they were US $ 955; U $ S955.73; U $ S1.015; U $ S964.98 YU $ S952.88. In the case of the Paladium of U $ S992; U $ S983.62; US $ 1,060,14; US $ 1,337.39 YU $ S1.031.88, respectively.
The winner in the case of gold was Chantelle Schieven de Capitalight Research Who as a more optimistic analyst for 2024, with his prognosis of US $ 2,170 was high enough to ensure first place. LBMA points out that it was an extraordinary and unprecedented year for gold, where 2024 came to an end with an average price of US $ 2,386.20 for the year, almost US $ 450 higher than in 2023. “The average of all gold forecasts in 2024 was $ 2,058.96, about $ 327 below the real average price for the year, which reveals that gold performance widely exceeded the expectations of analysts,” Explain the association. In second position, for the second consecutive year, Ross Norman (CEO of Metals Daily) was placed with its forecast of $ 2,166.00; And thirdly, also for the second consecutive year, Keisuke Okui (Sumitomo) was placed with his forecast of $ 2,140.00.
In the case of La Plata, the average silver price was US $ 28,26 in 2024 and Julia du del ICBC Standard Bank He was the most optimistic silver analyst of all, and obtained first place with his forecast of 27 dollars. “La Plata had a good 2024, with average prices almost 5 dollars higher than those of 2023 and $ 3.51 higher than the average of the forecasts by 2024,” says LBMA. In second position was Joni Teves (UBS) with its prognosis of US $ 26.70, followed by Bruce Ikemizu, winner of last year for its gold forecast, thirdly, with its prognosis of US $ 26.
While the winner in the category of Platinum was Ross Norman from Metalls Dailywhose prognosis of US $ 955 was the one that approached the most, far from the real average price of the platinum of US $ 955.73 by 2024. “Platinum did not have the performance expected by the analysts in 2024 (and it was worse than in 2023), since the average forecast was US $ 1.0, almost US $ 60 higher than the real average for the year. Highlighting this, Ross’s winning forecast was the second lowest average price in the group, ”explains LBMA. Secondly, Alexander Zumpfe (Heraeus Metals Germany) was with its prognosis of US $ 950, followed by Rohit Savant (CPM Group, and Wall Winner of 2024) with its prognosis of US $ S962.
And in the category of Paladio, Rohit Savant de CPM Group He was the winner with a prognosis of U $ S992, the closest to the real average price of US $ 983.62 for the year. “El Paladio had poor performance in 2024 compared to 2023, when its real average price was $ 1,337.39. The paladium ended the year even below the average forecast of analysts by 2024 of 1,060.14, ”says the association. Secondly, Rene Hochreiter (Noah Capital Markets/Sieberana Research) was with its prognosis of US $ 970, followed by Nicky Shiels (MKS Pamp) with its prognosis of US $ 1,000.
So that these were the best prostictors of prices for the main precious metals last year and provide a reference to monitor their opinions and forecasts for 2025.
Source: Ambito
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