Group 1 - The London Bullion Market Association (LBMA) predicts that gold prices will reach $4,980 per ounce in the next 12 months, representing a 27% increase from current levels [1] - Year-to-date, gold prices have risen by 52%, potentially marking the largest annual increase since 1979 [1] - Gold prices surpassed $3,000 per ounce in March and $4,000 per ounce in October, both seen as significant psychological resistance levels [1] Group 2 - The LBMA's annual survey indicates that silver prices are expected to rise from approximately $46 per ounce to $59 per ounce within a year [2] - Silver prices have increased by 62% year-to-date, the largest rise since 2010, driven by strong investment demand and supply tightness in the London spot market [2] - Silver reached a historical high of $54.5 per ounce on October 17 due to increased purchasing from India [2] Group 3 - Platinum prices are forecasted to rise from $1,544 per ounce to $1,816 per ounce, while palladium prices are expected to increase from about $1,364 to $1,709 [3] - Year-to-date, platinum and palladium prices have risen by 76% and 54%, respectively, amid supply constraints and concerns over U.S. tariffs [3]

Core Viewpoint - Deutsche Bank has raised its gold price forecast for next year to $4,000 per ounce, up from the previous forecast of $3,700 per ounce. Additionally, the silver price forecast has been increased to $45 per ounce from $40 [1] Group 1 - Deutsche Bank's revised gold price forecast indicates a bullish outlook for the precious metal market [1] - The increase in silver price forecast reflects a similar positive sentiment towards silver [1]

Core Insights - A Reuters survey predicts that the average price of gold will reach $3,400 per ounce by 2026, while silver is expected to average $38 per ounce during the same period [1] Group 1 - The forecasted average price for gold in 2026 represents a significant increase from current levels, indicating strong future demand and potential investment opportunities in the precious metals market [1] - The anticipated average price for silver also reflects a bullish outlook, suggesting that both gold and silver may benefit from macroeconomic factors influencing commodity prices [1]

Core Viewpoint - The World Bank's analysts predict an upward trend in gold prices over the next 18 months, with silver and platinum expected to maintain their recent strength until 2026 [1] Group 1: Gold Price Outlook - Gold prices are projected to reach historical highs in the first half of 2025, following a 20% increase in 2024, driven by geopolitical tensions and economic uncertainty [1] - In the first half of 2025, gold prices are expected to rise nearly 25%, supported by strong demand amid high geopolitical risks [1] - By 2025, gold prices are anticipated to increase by approximately 35% year-on-year, remaining significantly above historical averages [1] Group 2: Silver Price Outlook - Silver is expected to maintain its strong momentum from 2024, with prices projected to rise nearly 20% in the first half of 2025 [2] - The demand for silver is expected to remain robust due to its dual role as an industrial input and a safe-haven asset [1][2] Group 3: Platinum Price Outlook - Platinum prices are forecasted to surge nearly 30% in the first half of 2025, driven by tightening supply conditions [2] - Despite a significant decline in demand from the automotive and industrial sectors, supply constraints are expected to support platinum prices, which are projected to rise by 10% in 2025 and 2% in 2026 [2] Group 4: Overall Market Sentiment - The World Bank anticipates that gold prices could reach record annual average prices, supported by strong demand, while silver prices are also expected to rise further [3] - However, escalating global tensions could push gold prices higher than current forecasts, while weaker-than-expected industrial activity may suppress demand for silver and platinum [3]

Core Viewpoint - Deutsche Bank forecasts that by the end of next year, silver prices will reach $40, platinum will be $1,400, and palladium will be $1,200, up from previous estimates of $36, $1,100, and $1,050 respectively [1] Price Forecasts - Silver price is expected to increase to $40 from a previous estimate of $36 [1] - Platinum price is projected to rise to $1,400, up from $1,100 [1] - Palladium price is anticipated to reach $1,200, an increase from the previous forecast of $1,050 [1]

Core Viewpoint - Deutsche Bank forecasts that silver prices will reach $40 per ounce, platinum will rise to $1,400 per ounce, and palladium is expected to hit $1,200 per ounce by the end of next year, with previous estimates being $36, $1,100, and $1,050 respectively [1] Price Predictions - Silver price is projected to increase to $40 per ounce from a previous estimate of $36 per ounce [1] - Platinum price is expected to rise to $1,400 per ounce, up from the earlier forecast of $1,100 per ounce [1] - Palladium price is anticipated to reach $1,200 per ounce, an increase from the prior estimate of $1,050 per ounce [1]

Core Viewpoint - Deutsche Bank forecasts silver prices to close at $37 per ounce this year, platinum prices to reach $1,250 per ounce, and palladium prices to hit $1,100 per ounce [1] Group 1 - Silver price forecast for this year is $37 per ounce [1] - Platinum price is expected to reach $1,250 per ounce [1] - Palladium price is projected to be $1,100 per ounce [1]