Goldman Sachs analysts estimate that the price of gold could reach nearly 5,000 dollars an ounce if the independence of the Federal Reserve is affected.
Delia Niculescu
International
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Goldman Sachs analyzed the impact of a possible loss of independence of the Federal Reserve on the price of gold, suggesting that a small redirection of funds from bonds into gold could raise the price to nearly $5,000 an ounce. The price of gold has risen significantly this year, reaching a historic high, driven by central bank purchases and speculation regarding a reduction in the Fed's benchmark interest rate. ECB President Christine Lagarde warned about the risks associated with undermining the Fed's independence.
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