UBG - The LBMA Predicted $1532 Gold For 2019 And We Are Almost There

Last November, I wrote an article on the LBMA's gold price prediction of $1532 for 2019. The prediction came during their annual meeting in Boston last October, where attendees were polled and asked for their opinions. Participants reasoned that we could be at the top of the economic cycle, and investors seek to diversify out of equities and into safe-haven assets.

Prior Year LBMA Prediction Results

Here is a chart of past LMBA predictions and results.

Source: BullionVault

The LBMA meetings saw a lot of focus on the negative economic factors affecting the world economy

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