智通财经网·2025-09-04 10:56Group 1 - Concerns about the independence of the Federal Reserve are increasing as President Trump attempts to influence the Fed and push for interest rate cuts [1][3] - Morgan Stanley's team indicates that market positions in stocks, bonds, and gold suggest investors are preparing for potential inflation due to Trump's actions [1] - Goldman Sachs analysts highlight growing worries about the credibility of U.S. institutions, which could lead to significant tail risks and a surge in commodity prices, including gold [1] Group 2 - Goldman Sachs predicts that gold prices could rise to $4,000 per ounce by mid-2026 under baseline scenarios, with potential peaks of $4,500 and nearly $5,000 if 1% of privately held U.S. debt shifts to gold [1] - Following Trump's public calls for lower borrowing costs, financial markets are increasingly betting on Fed rate cuts, with swap traders fully pricing in a September rate cut [3] - Investor concerns regarding the Fed's independence are reflected in the performance of value stocks, which tend to do better during periods of price pressure [3]