The London Bullion Market Association (LBMA) has projected that gold prices could reach $4,980.30 per ounce within the next year, marking a nearly 26% increase from current levels. This prediction, revealed at the Global Precious Metals Conference, underscores a strong bullish sentiment in the market. The survey highlights increased interest in gold from retail investors, central banks, and institutional funds. UBS Director and Chief Investment Officer Wayne Gordon noted a significant rise in the number of clients holding gold, reflecting its growing appeal as a safe-haven asset and an effective hedge against inflation. This trend suggests a robust confidence in gold's potential to maintain value amid economic uncertainties.