According to a survey of the gold and silver industry, the price of gold is expected to climb to a record high next year. Representatives attending the London Bullion Market Association (LBMA) annual meeting in Miami expect the price of gold to rise to an average of $2,917.40 per ounce by the end of October next year, an increase of nearly 10% from current levels. This data is based on the mean forecasts of top traders, refiners, and miners attending the Florida conference. According to the mean forecast of LBMA representatives surveyed, the price of silver is expected to rise by 43% during the same period, reaching $45 per ounce.