According to ChainCatcher news and reported by Jin10, Goldman Sachs stated that if the Fed's credibility is compromised, investors may exchange a small portion of U.S. Treasury bonds for gold, and gold prices could rise to nearly $5,000 per ounce.
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Goldman Sachs: Damage to the Fed's credibility will drive gold prices up to nearly $5,000 per ounce.
According to ChainCatcher news and reported by Jin10, Goldman Sachs stated that if the Fed's credibility is compromised, investors may exchange a small portion of U.S. Treasury bonds for gold, and gold prices could rise to nearly $5,000 per ounce.