Gold futures rallied early Monday to fresh record highs near $3,970 per ounce, pushing year-to-date gains to 50%—marking the metal’s best performance since 1979—yet top analysts say the bull run is far from over.
Market veteran Ed Yardeni has sharply raised his price target for gold, saying the metal is “within shouting distance” of his initial $4,000 forecast for 2025.
With momentum accelerating, he now expects gold to reach $5,000 by 2026 and $10,000 by 2030.
“If it continues on its current path,” Yardeni said in an emailed note, “it could reach $10,000 by the end of the decade.”
Record Inflows Into Gold ETFs Fuel The Rally
Gold’s explosive rally has been fueled by unprecedented demand from investors seeking safety amid global uncertainty.
The SPDR Gold Shares ETF (NYSE:GLD), the largest physically backed gold ETF, has seen massive …