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Gold Could Hit $5,000 Next Year if Fed Independence Threatened, Goldman Sachs Says
14 Articles
14 Articles
Goldman Sachs Says Gold Could Surge If Fed’s Credibility Damaged
Gold could rally to almost $5,000 an ounce if the Federal Reserve’s credibility were damaged and investors shifted just a small portion of holdings from Treasuries into bullion, Goldman Sachs Group Inc. said.
The Goldman Sachs Group's analysis is clear: gold could climb to nearly $5,000 per ounce if the independence of the Federal Reserve was undermined.
Gold prices could be headed for a major rally from current levels, according to Goldman Sachs analysts, as Donald Trump's actions threaten the independence of the Federal Reserve. There's also a scenario that, if confirmed, could push prices higher than even the most optimistic forecasts.
Trump attack on Fed to push gold to $5,000
Gold prices could head close to $5,000 an ounce as nervous investors seek safe havens amid Donald Trump’s war on the US Federal Reserve, Goldman Sachs has predicted, writes John-Paul Ford Rojas. The precious metal has been trading at record highs above $3,500 this week in the wake of the President’s unprecedented attempt to fire central bank board member Lisa Cook. Trump has toyed with the idea of firing Fed chief Jerome Powell, too, and lambast…
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