Goldman Sachs: gold may rise in price to $5,000

Goldman Sachs analysts predict that gold could soar to almost $5,000 per ounce if the Fed's independence is questioned and some investors shift capital from treasury bonds to the precious metal.

According to the baseline scenario, the bank expects quotes to rise to $4,000 by mid-2026, in a moderately optimistic scenario – up to $4,500, and in the case of a mass withdrawal of investors from treasuries, even up to $ 5,000.

Gold has already become one of the most dynamic assets this year, gaining more than 30% and updating the historical maximum of $3,578 per ounce. The growth is supported by central bank purchases and expectations of an early Fed rate cut. An additional factor of pressure on the dollar and demand for gold were Donald Trump's steps to strengthen control over the Federal Reserve.

Goldman emphasizes that gold remains the main long-term recommendation among commodity assets.