BNP Sees Risk of Central Bank `Overreach' With $1,400 Gold

  • Bullion `seems to have recovered its safe-haven status': BNP
  • Gold has risen 18% this year amid global growth concerns

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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.