Juerg Kiener, chief investment officer at Swiss Asia Capital, predicts that gold could reach $2,600 per ounce within a year due to geopolitical factors, government money-printing, and increased demand in Asia. The expectations for interest rate cuts and central bank purchases have also contributed to the recent rally in gold prices.
Gold broke above $2,300 on Thursday, and Juerg Kiener, chief investment officer at Swiss Asia Capital , told CNBC the precious metal could hit $2,600 within a year. Geopolitics, government money-printing and accelerated demand for precious metals in Asia will also boost gold's price, according to Kiener. Expectations for interest rate cuts and central bank purchases have helped fuel a gold rally in recent months.
Geopolitical and structural factors have put gold on course to hit $2,600 per ounce within a year, according to one market veteran.Juerg Kiener, chief investment officer at Swiss Asia Capital, told CNBC's"Street Signs Asia" on Wednesday that his forward curve analysis for gold"looks fantastic."I think we might be really fast as we take 23 out, it has a lot of pent-up demand," he said."It puts probably a lot of structures which are in the market playing gold at risk too, because might not be able to cove
Gold Swiss Asia Capital CIO Price Geopolitical Factors Government Money-Printing Demand Interest Rate Cuts Central Bank Purchases
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