"After surging nearly 50% so far this year, gold could skyrocket 150% as early as 2028 if its current pace keeps up. The precious metal topped $4,000 per ounce for the first time ever earlier this week, then got another jolt Friday, when President Donald Trump said he will impose an additional 100% tariff on China and limit U.S. exports of software."
"During that time, he cited gold's traditional role as a hedge against inflation, central banks de-dollarizing after Russia's assets were frozen, the bursting of China's housing bubble, as well as Trump's trade war and his attempts to upend the world's geopolitical order. "We are now aiming for $5,000 in 2026," Yardeni added. "If it continues on its current path, it could reach $10,000 before the end of the decade.""
Gold has risen nearly 50% year-to-date and topped $4,000 per ounce for the first time, with price gains accelerating after President Donald Trump announced a 100% tariff on China and limits on U.S. software exports. Stocks fell sharply while the dollar weakened and gold jumped, reinforcing its safe-haven status. Ed Yardeni projects $5,000 by 2026 and $10,000 before the decade ends if momentum continues. Drivers include gold's role as an inflation hedge, central-bank de-dollarization, China's housing-market stress, trade tensions, a Fed tilt toward rate cuts, persistent inflation, and high sovereign debt prompting a debasement trade.
Read at Fortune
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