Gold rate today, Sept. 4 -- Gold prices could surge to nearly $5,000 an ounce if the Federal Reserve's independence were undermined and investors redirected even a small share of their Treasury holdings into gold, said Goldman Sachs in a its recent report.

The bank projected several potential scenarios for the metal's price, with a baseline forecast of it rising to $4,000 an ounce by mid-2026; a tail-risk scenario predicting $4,500; and a higher estimate of nearly $5,000 if just 1 per cent of the privately held US Treasury market shifted into gold.

"We see potential upside to gold prices even above our tail risk scenario of $4,500/toz, which itself is already well above our $4,000 mid-2026 baseline1, given the very small size of the phy...