Goldman Sachs Warns Gold May Reach $5,000 if Federal Reserve's Independence is Compromised | NYGazet

Goldman Sachs analysts project gold could surge to $5,000 an ounce if Federal Reserve independence erodes, triggering a flight from bonds and stocks.

Gold has surged more than a third this year to over $3,500 per troy ounce, but Goldman Sachs warns that gold's price could increase dramatically if the Trump administration's attack on the independence of the U.S. Federal Reserve is successful. They ... [4366 chars]