BNP Sees Risk of Central Bank 'Overreach' With $1,400 Gold
By GCRU Gold News on Friday, April 22 2016, 01:39 - Permalink
Gold may advance to as much as $1,400 an ounce over the next 12 months, according to BNP Paribas SA, which cited rising investor concern about the efficacy of central banks’ policies to sustain growth.
“There has clearly been an uptick in general investor concern about the eroding effectiveness and potential overreach of global central bank policies,” BNP’s wealth-management arm said in a briefing paper at a conference in Singapore on Thursday. “We expect this concern to remain an important component of the investment landscape in coming quarters.”