Yellow metal can catch up to the level of $ 1,400 an ounce in the next 12 months interval, according to the report Paribas has SA of BNP - on AMarkets materials.
The main argument of the bank's analysts - central bank policies are becoming less effective, and less able to influence the growth of GDP. Regulators in Europe and Japan have expressed their willingness to stimulate their economies further. Since January of this year, gold rose by 18%.Expected range of price fluctuations for gold for 2016 - $ 1150- $ 1400.
Analysts at BNP recommended to keep in the portfolio of gold as a basic protection against market risks. Gold is especially important against the backdrop of the craze negative interest rates among key economies. Analysts at BNP believe that gold has returned its status as a protective currency. Many central banks, in preparation for the worst times, actively buying the yellow metal - is another strong argument in favor of gold.