On April 18, given that Trump has frequently sent red flags to Fed Chairman Powell recently and threatened to fire him if he did not cut interest rates, Goldman Sachs analysts warned that once the Fed loses independence, the market will face extreme volatility.
Goldman Sachs expects that in extreme tail risk situations, such as increased market attention to the risk of Fed subordinated or changes in U.S. reserve policy, central bank demand continues to rise to 110 tons/month, the US recession has brought about ETF holdings to the level of the epidemic period, speculative positions reach the top of the historical range, and gold prices may approach $4,500/ounce by the end of 2025. (Wall Street News)
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