Delegates attending the London Bullion Market Association’s (LBMA) annual conference in Montreal in late September provided their forecasts for the precious metals markets as they shared their informed outlooks for the gold, silver and platinum markets. As one of the major conferences on the precious metals calendar, it was attended by more than 500 analysts, traders, fund managers, refiners, fabricators and miners, as well as official sector central bankers and wider industry delegates.

Global gold purchases in the second quarter of the year equaled $44.5 billion – the second highest quarterly amount on record, according to the recent Gold Demand Trends report from the World Gold Council. This represents a 5% year-over-year rise.