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Poll predicts higher silver, platinum, palladium prices

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Spot gold prices up 29% so far this year

MIAMI, Oct 15 (Reuters) - The price of gold is expected

to rise to $2,941 a troy ounce over the next 12 months from the

current $2,661, delegates to the London Bullion Market

Association's annual gathering predicted on Tuesday.

A poll of delegates at the LBMA conference in Miami also

predicted higher prices in a year's time for silver, platinum

and palladium.

Spot gold prices are up 29% so far this year, heading

for the biggest annual gain in 14 years, amid the start of U.S.

Federal Reserve interest rate cuts and geopolitical tensions.

The spot price hit a record $2,685.42 per ounce on Sept. 26.

Delegates from around the world also predicted that silver

prices would jump to $45 per ounce in a year's time from

around $31.46 on Tuesday. Silver prices are up 32% so far this

year.

They forecast that platinum prices would climb to

$1,148 from the current $984 and palladium would edge up

to $1,059 from around $1,012.