Gold Set to Soar to $1,500 as Inflation Makes a Comeback
- Negative real rates will help to boost price, Incrementum says
- ‘We’re seeing a pick-up in inflation all across the globe’
Analyst Sees Gold Price Rally Rooted in Uncertainty
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Gold is poised to rally to levels last seen four years ago as rising inflation and negative real interest rates combine to boost demand, according to Incrementum AG, which says that the precious metal may be in the early stages of a bull market.
Prices may climb to $1,400 to $1,500 an ounce this year, said Ronald-Peter Stoeferle, managing partner at the Liechtenstein-based company, which oversees 100 million Swiss francs ($101.5 million). Spot bullion -- which was at $1,249 on Wednesday -- last traded at $1,400 in September 2013.