The precious metal has hit successive record highs this year, including another on Thursday when spot gold broke above $2,300 before easing slightly.
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."
"If you look at your forward curve for a year it's about 26 [$2,600].
He added that an inventory collapse in the gold market is putting "a lot of derivative structures at risk."
Kiener also cited geopolitics, a shift to a "multipolar world," and changing international trade structures as reasons for his bullishness on the gold price.
Persons:
Kiener, CNBC's, —, We've
Organizations:
Swiss Asia Capital, U.S . Federal
Locations:
Gaza, Ukraine, Asia