Trump's War On Fed Could Ignite Gold's $4,500 Liftoff - SPDR Gold Trust (ARCA:GLD)

Goldman Sachs says gold could hit $5K as fears grow over Federal Reserve’s independence

Wall Street giant Goldman Sachs predicted that gold prices could soar to the $5,000 mark on fears that President Trump is trying to clamp down on the Federal Reserve's independence.

Trump's disruption of Fed independence could send gold prices soaring 40%: Goldman

Christopher Furlong/Getty ImagesPresident Donald Trump challenging the Federal Reserve has sparked uncertainty among investors.As investor concern has increased, so has the price of gold, which people buy as a safe haven.Goldman Sachs has a bold forecast for the precious metal's price if Trump continues with his Fed offensive.Federal Reserve independence has been in full focus amid President Donald Trump's consistent attempts to undermine its au…

Trump's War On Fed Could Ignite Gold's $4,500 Liftoff - SPDR Gold Trust (ARCA:GLD)

Goldman: If Trump destroys Fed credibility, gold could hit $5,000

The bank says the metal could hedge the increased inflation, currency weakness, and poor stock and bond performance typically associated with central banks run by politicians.

The price of gold could hit $5,000 if Trump keeps meddling with the Fed, Goldman Sachs says

“Gold is a store of value that doesn’t rely on institutional trust,” Samantha Dart says.

Trump’s Attack on the Fed Fires Up Gold Bulls Betting on Crisis

President Donald Trump’s assault on the Federal Reserve risks stoking inflation, curbing investment and undermining confidence in the US economy. For gold bulls, it’s a tantalizing scenario reinforcing a record-breaking rally that’s made the metal one of this year’s hottest assets.