BNP Paribas Sees Gold Hitting $5,000 as Trump’s Pressure on the Fed Weakens the Dollar - 24/7 Wall St.
BNP Paribas Sees Gold Hitting $5,000 as Trump’s Pressure on the Fed Weakens the Dollar - 24/7 Wall St.
Source: 24/7 Wall St.
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DW NOTE
BNP Paribas projects gold at $5,000 while the metal trades 19% below its January high of $5,318 and has fallen from $4,309 to lower levels as geopolitical risk premiums unwind. The thesis rests on Fed independence eroding under political pressure — a forecast of institutional failure, not a market call.