Generated from the day's market reporting and GoldPrice.Live's own price data, under Rick Adams' editorial guidelines. Sources are linked. Not investment advice.
Delegates at the Global Precious Metals Conference in Sorrento, which wrapped on 6 October, pushed their median LBMA gold-price forecast higher during the meeting. At the start of Day One the poll produced a $4,895.5 forecast for the gold price at the time of the next conference; by the end of Day Two that median had risen to $5,013.3.
The figures come from delegate polls conducted during the conference in Sorrento. Alongside the LBMA gold-price numbers, participants gave median forecasts for other benchmark metals for the same future date: silver $97.4 per troy ounce, platinum $1,913.5 and palladium $1,414.7. The room was the source of the numbers rather than a single institution or model.
The chief movement noted was in gold, where the median expectation rose by more than $100 during the sessions reported. The other metals are presented as single-point medians; the conference notes do not provide ranges, polling sizes or the timing behind those particular numbers.
These polls are a snapshot of attendee expectations at a specific industry event. That gives them value as a sentiment gauge: dealers and desks can use the numbers to sense how participants are positioning mentally for the year ahead. They are not market prices and they are not the same as formal forecasts from central banks, large fund managers or the Exchange. Readers should treat the figures cautiously - useful for colour, not as a substitute for traded benchmarks or public institutional guidance.
Source: Lbma
