LBMA Releases Precious Metals Market Report: Q4 2023

The LBMA Precious Metals Market Report for Q4 2023 highlights the heightened interest and speculation around the future prices of gold and silver. Amid various predictions, some reaching as high as $10,000 for gold and $300 for silver by the end of the decade, the LBMA gold price notably achieved a record high of $2,078.40 on December 28. These optimistic forecasts are partly driven by gold’s appeal as a safe haven, especially following the Israel/Palestine conflict outbreak in early October.