Goldman Sachs(US:GS) 智通财经网·2025-09-04 06:37Core Viewpoint - Goldman Sachs indicates that if the credibility of the Federal Reserve is compromised and a small portion of U.S. Treasury bonds is converted to gold, gold prices could rise to nearly $5,000 per ounce [1][2] Group 1: Price Predictions - The base forecast suggests that gold prices will soar to $4,000 per ounce by mid-2026 [1] - In a tail risk scenario, gold prices could reach $4,500 per ounce [1] - If only 1% of privately held U.S. Treasury bonds are converted to gold, prices are expected to approach $5,000 per ounce [1][2] Group 2: Market Dynamics - Gold has been one of the strongest performing major commodities this year, with prices increasing by over one-third [1] - Gold prices recently surpassed $3,500 per ounce, marking a new high [1] - The rise in gold prices is driven by central bank purchases and market speculation that the Federal Reserve will soon begin to cut interest rates [1] Group 3: Influencing Factors - Recent actions by U.S. President Donald Trump to strengthen control over the Federal Reserve, including efforts to push for the removal of Fed Governor Lisa Cook, have further supported gold prices [1]