Gold prices hit a new high, Yardeni Research significantly raises its 2026 target to $6,000

After gold prices recently broke through the $4,500 mark, Yardeni Research has adjusted its long-term outlook for the precious metals market. The research firm announced that it has raised its target price for 2026 from $5,000 to $6,000 per ounce, reflecting increased confidence in the continued appreciation of gold.

This revision in forecast stems from changes in the current market conditions. As gold prices repeatedly hit new all-time highs, Yardeni Research believes it is necessary to reassess its expected returns and price trajectory. The upward adjustment of the target reflects the latest assessments of factors such as inflationary pressures, geopolitical uncertainties, and central banks’ ongoing gold purchases.

It is worth noting that Yardeni Research has not changed its longer-term forecast. The firm still maintains the view that gold prices will reach $10,000 per ounce by 2029, indicating that its outlook for a long-term bullish trend remains unchanged. This distant target suggests that the research team expects the appeal of gold as a safe-haven asset to continue strengthening.

From the current price trajectory, there is still room for gold to rise from $4,500 to $6,000, and the entire 2020s could be a profitable cycle for gold investors. Yardeni Research’s revised forecast provides market participants with a new reference point.