Despite a strong start in the first quarter of 2022, last year proved to be a consolidation period for the precious metal market, relatively in line with expectations, according to the latest report from the London Bullion Market Association (LBMA). Friday, the LBMA reported that gold prices averaged $1,800.09 an ounce last year, up only slightly from the 2021 average price of $1,798.60 an ounce. The LBMA said it was a tight race in last year’s price forecast competition as analysts maintained a cautious outlook with an average price forecast of $1,801.90. The winner of last year’s forecast competition was Nicky ... (full story)