Gold is poised to climb the most in two years as prospects
for additional economic stimulus by governments from the U.S. to China stoke
demand for the precious metal as a bet against inflation, a Bloomberg survey showed.
Bullion for immediate delivery may reach $1,800 an ounce by
the year-end, extending gains this year to 15 percent, according to the median
forecast in the Bloomberg survey of 15 traders and analysts at a conference in Hyderabad
in South India on Aug. 25. That would be the most since a 30 percent surge in
2010, data show.
Gold is set for a 12th year of gains as the European
sovereign-debt crisis boosts haven demand amid speculation of further policy
easing by central banks, including the U.S. Federal Reserve, which may be
considering a third round of so- called quantitative easing, or QE3. Investment
holdings have expanded to a record on demand for a hedge against inflation….
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