Gold could soar to $5,000 an ounce if President Trump’s escalating manipulation of the Federal Reserve undermines confidence in U.S. markets, Goldman Sachs warned in a note. The bank said political pressure on the Fed threatens to erode trust in bonds, equities, and the dollar, pushing investors further toward safe-haven assets.
Gold is currently trading around $3,545, near record highs. Goldman’s head of commodities research Samantha Dart wrote that:
The White House has intensified its campaign against the central bank, with Trump calling for criminal probes into Fed Chair Jerome Powell and Governor Lisa Cook, while also attempting to fire Cook. Analysts say these efforts, alongside Trump’s stated intention to appoint loyalists who favour lower interest rates, raise fresh concerns about the Fed’s autonomy.
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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