The results of the survey by the London Bullion Market Association of analysts’ predictions for the gold price in 2019 is another example of just how unpredictable financial markets have become.
The LBMA, a standards setting body for the industry, says the average forecast by the 30 analysts polled calls for a modest 1.8% gain in the price this year. However, two-thirds of the analysts see gold reaching or surpassing the $1,400 mark at some point this year.
W Resources PLC (LON:WRES) is building a European mining company focussed on delivering long term production of tungsten, a key strategic metal with strong market fundamentals.