Veteran strategist Ed Yardeni forecasts a significant upward trajectory for gold, projecting a rise to $6,000 per ounce by the end of 2026 and potentially $10,000 by the decade’s close. This outlook represents a substantial increase from current prices, with spot gold trading around $5,017.70 per ounce at the time of writing. Spot silver was also trading near $80.45 per ounce.
Yardeni’s prediction is not solely based on typical inflation concerns or commodity demand. Instead, he points to a fundamental geopolitical shift, particularly the freezing of nearly $300 billion in Russian central bank reserves by the U.S. and Europe following the invasion of Ukraine. This event prompted governments and investors globally to re-evaluate their asset diversification strategies, favoring assets that exist outside government balance sheets.
Gold Price Performance Over Time
- Over 30 days: +3.87%
- Over 6 months: +39.07%
- Over 1 year: +70.77%
- Over 5 years: +195.57%
- Over 20 years: +980.51%
Source: Goldprice.org
Who is Ed Yardeni?
Ed Yardeni is a respected voice on Wall Street, currently serving as the president and chief investment strategist of Yardeni Research, a firm he founded in 2007. His expertise spans the economy, stock market, bonds, and commodities. Yardeni is known for his prescient market calls, including predicting the Dow Jones Industrial Average would reach 5,000 by 1993 and 10,000 by 2000. He also coined the term “bond vigilantes,” describing market participants who enforce fiscal discipline.
Yardeni believes that while gold is currently consolidating near the $5,000 per ounce level, the underlying forces driving its ascent are gaining momentum. The recent geopolitical events have underscored the appeal of assets perceived as safer havens, independent of governmental financial structures.
Wall Street’s Gold Price Targets
Several major financial institutions share an optimistic outlook on gold prices, with targets often exceeding Yardeni’s near-term projections:
- JPMorgan: $6,300 by end-2026
- UBS: $6,200 for March, June, and September 2026
- Deutsche Bank: $6,000 in 2026
- Societe Generale: $6,000 by year-end
- Goldman Sachs: $5,400 by end-2026
- Bank of America: $5,000 in 2026
Source: Reuters
Fonte: Yahoo Finance
