BNP Backs Gold to Hit $6,000 an Ounce as Rally ‘Makes Sense’

Gold may climb to $6,000 an ounce by the end of the year and bullion’s ratio to silver is set to rise as macroeconomic and geopolitical risks persist, BNP Paribas SA’s David Wilson said.

The gold-silver ratio, while still lower than its two-year average in the 80s, has bounced back, said Wilson, BNP’s director of commodities strategy.