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Goldman Says Gold Near $5,000 Possible If Fed Standing Damaged
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Goldman Says Gold Near $5,000 Possible If Fed Standing Damaged

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Gold could rally to almost $5,000 an ounce if the Federal Reserve’s independence were damaged and investors shifted just a small portion of holdings from Treasuries into bullion, Goldman Sachs Group Inc. said.

Gold could rally to almost $5,000 an ounce if the Federal Reserve’s independence were damaged and investors shifted just a small portion of holdings from Treasuries into bullion, Goldman Sachs Group Inc. said. “A scenario where Fed independence is da... [272 chars]

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Source: Bloomberg.com

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