Gold seen soaring to US$1,500 as inflation poised for comeback

A total of 20 gold bars were found in the 36-year-old's possession. Twelve bars had been hidden in his rectum. PHOTO: EPS VIA NEWINDIANEXPRESS.COM.

SINGAPORE: 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 US$1,400 to US$1,500 an ounce this year, said Ronald-Peter Stoeferle, managing partner at the Liechtenstein-based company, which oversees 100 million Swiss francs (US$101.5mil). Spot bullion – which was at US$1,249 yesterday – last traded at US$1,400 in September 2013.