Market veteran: Gold price will soon reach 3000 and will reach 4000 US dollars by 2026
According to market expert Ed Yardeni's analysis, central banks in multiple countries continue to increase their holdings of gold to avoid US sanctions, and it is expected that gold prices may exceed $4000 by 2026. Since the United States froze Russia's international reserves in 2022, central banks around the world have increased their purchasing power. The Trump Tariff 2.0 plan was announced on February 7th, intending to impose retaliatory tariffs on multiple countries, causing market volatility. The yield on US Treasury bonds has risen, and inflation expectations have risen to 4.3%, reducing the possibility of the Federal Reserve cutting interest rates in the short term. Despite the impact of the DeepSeek AI incident and tariff policies, major US stock indices continued to rise. Amazon, Microsoft, and Alphabet have all announced record breaking AI investments, which are expected to boost AI demand in the long term. Yadni predicts that the S&P 500 index may remain volatile until mid year, and then hit 7000 points within the year, with information technology, communication services, industry, and finance sectors expected to lead the gains.