TD Securities’ Melek wins LBMA gold forecast

TD Securities’ Bart Melek has won LBMA’s annual precious metals forecast survey, the LBMA announced today.

Melek’s forecast for the average gold price in 2017 of $1,256, was just $1.15 below the actual average price.

In the other precious metals, Tom Kendall of ICBC Standard Bank came first in the silver forecast – he had predicted a 2017 average of $17.10, just 5 cents above the actual average.

Glyn Stevens (independent) took the prize for platinum with a forecast of $935 against an actual average of $948.49.

Finally, Metal Bulletin’s William Adams scooped the prize for his palladium forecast of $850, $18.96 below the actual price.

The post TD Securities’ Melek wins LBMA gold forecast appeared first on The Bullion Desk

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