Leading Japan-based investment house, Osaka Financial has told clients that it is at its most bullish on the prospects for gold prices since 2009. The firm makes a bold prediction for prices in a research note sent out to institutional clients on Monday.

In it, the firm explains that the fundamentals that drove prices to a near-50% retracement from their late-2011 highs have begun to change and with them, the potential for a resumption of the secular bull market in gold.

“We see an increase in political instability particularly in Europe and greater menace from global terrorism. We also see growth in the backlash against mainstream politicians and regard the rise in popularity of figures like Donald Trump who currently the race for the Republican Party’s nomination to contest the Presidency in 2016 and the success of Jeremy Corbyn’s pacifistic campaign to take the helm of the Labour Party in the UK as a harbinger of things to come,” explained Dan Carradine, commodities strategist at Osaka Financial.

The firm alludes to the growing sense that the world’s central banks are gearing up to deliver further stimulus as QE-fueled growth appears to be losing momentum in the US, Japan, the UK and Europe.

“These conditions create fertile ground and bullish narrative for gold prices to rise over the next year or two and at Osaka Financial, we expect gold prices to end 2016 significantly higher than where they started,” explained Carradine.

Gold prices have enjoyed a rally this year as investors flock to safe haven investments after a dismal start for global equities so far this year.

About Osaka Financial
Established in 2007, Osaka Financial is a fully-independent investment and asset management practice providing bespoke financial and wealth management solutions to individuals and families who need to build upon and conserve their wealth. We provide a comprehensive range of services including asset management, retirement planning and portfolio design.

Staffed by a number of exceptionally well-qualified finance professionals, Osaka Financial’s business philosophy reflects the core values of its founders: uncompromising independence, clarity, performance, fiduciary responsibility and integrity.