BNP Paribas: Gold could top $5,000 per ounce within 12 months

Analysts at BNP Paribas forecast that gold could exceed $5,000 per ounce within 12 months, up from its current level above $4,240/oz. They cite record levels of public debt and a weakening US dollar as the main drivers of a potential bull run. Long-term prospects for the precious metal are described as favourable with significant upside potential.