Gold Eyes $5,000 as Dollar Slips Under Trump-Fed Pressure, BNP Paribas Warns

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Source: 24/7 Wall St.
Gold Eyes $5,000 as Dollar Slips Under Trump-Fed Pressure, BNP Paribas Warns
Photo: 24/7 Wall St.
TL;DR Summary

BNP Paribas Wealth Management forecasts gold could reach $5,000/oz within 12 months, implying more than 20% upside as the dollar weakens (about a 3.5% decline over the year) amid inflation and debt concerns; the World Gold Council notes 89% of central banks plan to boost gold allocations, and retail ETF inflows via GLD could follow, supporting a bullion rally amid easing geopolitical tensions.

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