06.09.2025 03:12
Goldman Sachs predicted that if the Fed loses credibility and investors shift from Treasury bonds to gold, the price of gold could rise to $5,000 per ounce, and in this scenario, the price of gold per gram could reach 6,600 TL.
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Goldman Sachs predicts that if the reputation of the U.S. Federal Reserve (Fed) is damaged and investors shift from Treasury bonds to gold, the price of gold could rise to as much as $5,000 per ounce.
In a note published by analyst Samantha Dart and her team, it was stated, "A scenario where the independence of the Fed is compromised could lead to high inflation, a decline in stock and long-term bond prices, and erosion of the dollar's status as a reserve currency. In contrast, gold stands out as a store of value that is not dependent on institutional trust."
GOLD COULD REACH $5,000 PER OUNCE
The note from Goldman Sachs summarized the range of possible outcomes for gold. The report indicated that a rise to $4,000 per ounce by mid-2026 is the "base scenario." It also included a "tail risk" scenario of $4,500 and a prediction of $5,000 if only 1% of the U.S. Treasury market shifts to gold.
Gold bullion has been one of the best-performing commodities this year. The rise of gold bullion, which has gained more than a third of its value since the beginning of this week, was supported by central bank accumulations and bets that the Fed will soon start lowering interest rates in the U.S. Steps taken by U.S. President Donald Trump to increase his influence over the Fed and attempts to remove Fed Board member Lisa Cook were also cited as factors supporting interest in gold.
HOW WILL GRAM GOLD BE AFFECTED?
According to Goldman Sachs' note, if the price of gold reaches $5,000 per ounce, in an environment where the dollar/TL exchange rate remains stable at 41.15, the price of gram gold could rise to 6,600 TL.
Analysts stated, "If only 1% of the U.S. Treasury bond market shifts to gold, assuming all else remains constant, the price of gold could rise to approximately $5,000 per ounce. Gold continues to be our long-term investment recommendation with the highest reliability in the commodity market."
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