Gold industry expects price rise to $5,013 an ounce over 12 months

The price of gold TVC:GOLD is expected to hit $5,013 a troy ounce over the next 12 months, up from the current level of $4,170, delegates to the London Bullion Market Association's (LBMA) annual gathering in Sorrento, Italy predicted on Tuesday.Gold is down 3% so far this year due to expectations o…