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2009 LBMA Gold Price Forecasts
Each year LBMA members forecast precious metal prices including gold for the next year. For several years now, Ross Norman of The Bullion Desk in London has been one of the most bullish and most accurate forecasters.
We present below a table in ascending order of maximum price forecast for the year to date (YTD), with the YTD figure included in its correct place in the body of the table itself. This gives a quick visual indication of whose maximum forecast was closest.

2009 LBMA Gold Price Forecasts in US Dollars
Rene Hochreiter Allan Hochreiter (Pty) Ltd$750$600$675
Bhargava Vaidya B.N. Vaidya & Associates$895$670$750
James Steel HSBC Bank USA NA$950$700$825
Robin Bhar Calyon Credit Acricole$975$775$890
Tom Kendall Mitsubishi Corporation (UK) Plc$985$725$880
Suki Cooper Barclays Capital$1,000$720$840
John Reade UBS Investment Bank$1,000$600$700
Jeffrey Rhodes INTL Commodities$1,005$710$839
Adrien Biondi Commerzbank International SA$1,050$800$950
Average Forecasts$1,074$721$881
Matthew Turner Virtual Metals$1,075$700$905
David Davis Credit Suisse Standard Securities$1,080$735$898
Walter De Wet Standard Bank$1,080$750$915
Michael Jansen J.P. Morgan Chase Bank$1,100$725$825
Bob Takai Sumitomo Corporation$1,100$700$900
Wolfgang Wrzesniok-Rossbach Heraeus Metallhandelsgesellschaft m.b.H.$1,100$700$910
Hussein Allidina Morgan Stanley$1,100$750$950
Edel Tully Mitsui & Co. Precious Metals, Inc$1,105$680$906
Daniel Smith Standard Chartered Bank$1,150$800$895
Martin Murenbeeld Dundee Economics$1,150$755$945
Frederic Panizzutti MKS Finance S.A.$1,180$720$901
Trevor Turnbull Scotia Capital$1,200$750$965
Jeffrey Christian CPM Group$1,200$750$826
YTD Actual$1,218.25$810$964
Philip Klapwijk GFMS Ltd$1,260$780$970
Ross Norman TheBullionDesk$1,275$720$988

Out of the 24 individual forecasts, 22 had been surpassed as at 2nd December. Almost incredibly, the lowest "high" forecast was actually less than the year's all time low! The "average of all the forecasts has been bettered by 10%.
Will Ross be the closest yet again?

2009 Final Review
In January 2010, we were able to complete this page by adding our final review of the year.
The highest dollar price $1218.25 was achieved on the a.m. fix on the 3rd December, beating 22 of the 24 forecasts. The closest pair were Trevor Turnbull of Scotia Capital and Jeffrey Christian of CPM Group if we compare highest price forecasts, but the former wins if we use the average figure as a tie breaker, although our average figure stated is a slight approximation.

2010 LBMA Gold Price Forecasts
With our comments.

2011 LBMA Gold Price Forecasts
With our comments.

2012 LBMA Gold Price Forecasts
With our comments.

Gold Prices Index

World Gold Council Graph

The World Gold Council compile regular and abundant statistics on the gold market.

Bullion Coin Selector Page


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