Gold Expected to Climb Most in 2 Years on Stimulus Bets

Bloomberg reported that gold is gearing up for its highest climb in two years as governments stoke precious metal demand through additional economic stimulus.

As quoted in the market news:

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 compiled by Bloomberg show.

Click here to read the full Bloomberg report.