Ed Yardeni is causing a stir with a new forecast – and suggests that major movements could be imminent in the price of gold.
• Ed Yardeni predicts a sharp increase in gold prices by the end of 2026
• Geopolitical developments act as a driver for gold
• In the long term, Yardeni believes an increase in the price of gold to up to 10,000 US dollars is possible
In a recent interview with BloombergTV, US market strategist Ed Yardeni, founder of Yardeni Research, explained the growing importance of gold in financial markets, describing it as both a speculative investment and a safe store of value. The interview was shared on X (formerly Twitter) on March 10, 2026:
Ed Yardeni, President of Yardeni Research, discussed the evolving role of gold in the financial markets, describing it as both a speculative asset and a store of wealth https://t.co/t4Tx2Ja7UA pic.twitter.com/LkUSte4BVv
– Bloomberg TV (@BloombergTV) March 10, 2026
Gold before mega rally?
In the Bloomberg interview, Yardeni made people sit up and take notice with a surprisingly optimistic forecast for a long-term bull market: According to this, the US market strategist believes a gold price of $6,000 per ounce by the end of 2026 is possible. He also doesn’t rule out an increase to $10,000 by the end of the decade.
The gold price was most recently quoted at $4,660 (as of March 19, 2026). If Yardeni’s short-term forecast comes true, this would correspond to an increase of around 20 percent. If the price of gold actually rises to the forecast $10,000 in the long term, this would represent an increase of more than 100 percent compared to current levels.
Geopolitics drives gold prices
Yardeni also stated in the BloombergTV interview that he believes gold could become a suitable competitor to Bitcoin. Although the price of gold is currently trading sideways at around $5,000 an ounce, he is only just beginning to see the metal’s upside potential. For Yardeni, geopolitical developments and global reserves are the key drivers of the gold price. He sees the impetus for the rally in the freezing of Russian central bank reserves by Europe and the USA a few years ago.
Gold as a proven diversifier
Yardeni also points out that gold and the S&P 500 tend to move in opposite directions in the short term, making gold particularly suitable as a diversification tool. However, over the longer term, both the S&P 500 and gold prices tend to follow the same trend. The more wealth investors build in the stock market, the more they want to diversify their capital across different asset classes – and gold is often one of the preferred options, explained Yardeni.
Svenja Polonyi, editorial team at finanzen.net
