Wall Street strategists raise gold forecast: Target exceeds $10,000 in 6 years, peak by 2029?

[Coin World] The last full trading day before the Christmas holiday is expected to end quietly for the U.S. stock market. However, it is worth noting that Ed Yardeni, a veteran strategist on Wall Street, has just released a major forecast through Yardeni Research—significantly raising the gold price target.

The logic of this investment research institution is as follows: At the beginning of this year, when gold broke through $3000 per ounce, they predicted a year-end target of $4000. As the gold price continues to rise, they forecast it will reach $5000 by the end of next year. More aggressively, after the gold price surpasses the $4500 mark, they raised their target for the end of 2026 to $6000.

At this pace, by the end of 2029, gold is expected to challenge the $10,000 mark. What does this mean? It means that in the coming years, gold may become the optimal choice for hedging against inflation and escaping liquidity risks. For those allocating to crypto assets, it is also necessary to rethink the correlation between commodities and digital assets.