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Here's What Could Drive Gold to a Record in Next Two Years: Top Forecaster

  • Incrementum says price could increase to all-time high by 2018
  • Inflation ‘may surprise to the upside’, making case for gold
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Making the Bullish Case for Gold

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Rising inflation and sagging confidence in the ability of central banks to revive global growth will drive up gold, according to Incrementum AG, which says bullion could climb to a record in the next two years.

Consumer prices are set to rise as oil rebounds, while low or negative interest rates and bond buying by central banks have failed to boost economies, said Ronald Stoeferle, managing partner at the Liechtenstein-based company, which oversees 100 million Swiss francs ($101 million). Incrementum was the top precious metals forecaster last quarter, Bloomberg-compiled data show.