Gold is currently trading around $3,545, near record highs. Goldman’s head of commodities research Samantha Dart wrote that:
“a scenario where Fed independence is damaged would likely lead to higher inflation, lower stock prices, and an erosion of the dollar’s reserve currency status. In contrast, gold is a store of value that doesn’t rely on institutional trust.”Goldman estimated that even a modest rotation from Treasuries into gold could be enough to trigger a major rally:
“If 1% of the privately owned U.S. Treasury market were to flow into gold, the gold price would rise to nearly $5,000 per ounce”the bank also outlined a “tail risk” scenario of $4,500reaffirmed gold as its “highest-conviction long recommendation in the commodities space.” This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about goldman sachs forecast gold as high as us 5 000 oz was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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