Delegates of the annual meeting of the London Bullion Market Association expect gold prices to rise to levels of $2917 an ounce by October next year, up 10% above current levels.
Gold prices last month reached record highs of $2,685 an ounce.
Goldman Sachs recently raised its price forecast to $2,900 from $2,700 an ounce in early 2025. Investment in safe-haven gold increases during low interest rates and during economic and geopolitical turmoil.
