What planet do gold 'experts' live on?

As gold hovers near historic highs, Dominic Frisby considers the precious metals 'expert' who predicted a high of $900 for the entire year, why $1,250 is nearer the mark - and why junior gold miners are underperforming.

This week the London Bullion Market Association (LBMA) released the forecasts of 28 precious metal experts in its annual competition.

Most years, Ross Norman of TheBullionDesk wins - and most years he makes the most bullish forecast. He has again this year. He reckons gold will hit a high of $1,250 an ounce before the year is out, and won't sink below $840.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.