[Yardeni Research Predicts Gold Prices Will Reach $6,000 by the End of 2026]
Yardeni Research has raised its gold price target, forecasting that gold prices will reach $6,000 by the end of 2026 and may touch $10,000 by the end of 2029, far exceeding JPMorgan's expectation of a $5,055 peak by the end of 2024. Yardeni pointed out that geopolitical risks and market concerns over excessive monetary and fiscal policy stimulus are the main drivers of gold price increases. Additionally, Yardeni stated that gold and the S&P 500 Index are negatively correlated in the short term but share a consistent long-term trend. By the end of 2029, it is expected that both the S&P 500 Index and gold prices will reach 10,000 points/dollars.