Gold to Hit $5,000? Fed's Fall Means Your Fortune's Rise?
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Goldman Sachs predicts gold prices could surge to nearly $5,000 per ounce. This dramatic increase would occur if the Federal Reserve lost its independence, causing investors to move a small part of their Treasury holdings into gold. Analysts believe a weakened Fed would lead to higher inflation, lower stock and bond prices, and a weaker dollar. Gold, as a non-fiat asset, would then become a more attractive store of value.
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