Gold prices projected to hit $5,000 per ounce - LBMA forecast

Gold prices are expected to reach $4,980 in the coming months, representing a 27% increase, according to the latest projections from the London Bullion Market Association (LBMA).

Gold has already surged by 52% this year, breaking through $3,000 per ounce in March and surpassing $4,000 in October.

The LBMA’s forecast was compiled through its annual poll and presented to delegates at the association’s conference.

On Monday, October 27, 2025, the gold price forecast hit $4,275, reinforcing the metal’s reputation as a safe-haven asset.

Similarly, silver prices have risen by 62% so far in 2025, the highest since 2010, after reaching a record high of $54.50 on October 17, 2025. The rise was driven by strong investment demand, tight supply in the London spot market, and elevated purchases in India.

Gold prices move above $4,000 an ounce

The LBMA also projects that platinum prices will climb to $1,816 per ounce from the current $1,544, while palladium is expected to rise to $1,709 from around $1,364.

Globally, the top three gold-producing countries are China, Russia, and Australia. Ghana leads Africa, having produced approximately 140 tonnes of gold in 2024.

SP/MA

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