Precious Metals Price Outlook Economic Forecast

Precious Metals Price Outlook

Prices for Q4 2018 rise for fourth consecutive month

The Consensus Forecast for the precious metals market improved for the fourth consecutive period this month, as a weak U.S. dollar and rising geopolitical uncertainty are fueling demand for safe-haven assets. That said, the trend could reverse if the U.S. Federal Reserve resumes its tightening cycle despite low inflation, global jitters ease and global growth remains resilient. The Met the why particular precious metals index is expected to average 196.3 in Q4 2018, above last month’s 194.8 projection. This year, the index is seen averaging 194.6 in Q4, which, if confirmed, would mark a 2.7% rise in prices from Q4 2016.

All precious metals price forecasts were hiked for Q4 2018. Platinum and gold, in that order, led the increase. 

 

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Precious Metals Historical Price Data

2012  2013  2014  2015  2016  
Gold1668.69  1411.71  1111.83  1159.8  1248.54  
Silver31.14  23.82  19.07  15.71  17.15  
Palladium643.47  725  803.44  690.55  614.03  
Platinum1549.48  1485.41  1383.61  1151.85  987.37  

Note:
Gold prices in USD per troy ounce (toz).
Silver prices in USD per troy ounce (toz). 
Palladium prices in USD per troy ounce (toz). 
Platinum prices in USD per troy ounce (toz). 
All prices are average of period (aop). 

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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