Despite the current decline in gold prices, Yardeni remains optimistic and sticks to his gold price forecast for 2030, but revises his short-term assessment.
• Gold remains stable in the long term due to central bank demand and geopolitical risks
• Ed Yardeni sticks to his gold price forecast until 2030
• Experts see selling pressure as an entry opportunity
Gold price under short-term pressure
As CNBC reports, many experts see gold’s recent decline not as a sign of a worsening long-term outlook, but rather as a result of short-term market distortions. The key influencing factors have not changed: persistent geopolitical risks, the continued high demand from central banks and the prospect of a weaker US dollar support the long-term upward trend of the precious metal, it continues. During times of economic uncertainty, investors traditionally turn to gold to protect their assets, according to CNBC. Since its peak of $5,594.34 on January 29, 2026, gold has lost 16.41 percent of its value, temporarily dampening the precious metal’s previous upward trend.
Yardeni maintains a $10,000 goal
U.S. market strategist Ed Yardeni said in an email to CNBC that he stands by his long-term forecast: “We stay at $10,000 by the end of the decade.” For the end of the year, he revised down his previous estimate of $6,000 an ounce, which he expressed in an interview with Bloomberg on March 10. The price of gold is currently $4,676.43 (as of April 4, 2026), so its adjusted year-end forecast of $5,000 remains around five percent above the current price level.
Gold under pressure: Strong US dollar and geopolitical developments
The latest decline came as investors unloaded some of their positions, CNBC reports. This development was supported by a stronger US dollar and initial indications that the geopolitical situation was calming down. The trigger was US President Donald Trump’s announcement that he would initially suspend the planned attacks on Iran’s energy infrastructure for five days. This break has since been extended until April 6th.
Experts see sell-offs as an opportunity
Justin Lin, investment strategist at Global to be triggered.” Crucially, it continues, his optimistic view is not dependent on war-related risk premiums: “Rather, it is based on the broader backdrop of ongoing geopolitical uncertainty, continued demand from central banks and sustained inflows from Asian gold ETF investors.” According to CNBC, Lin also emphasizes that structural demand – particularly from central banks in emerging markets – is supporting gold prices. He sees a “very high probability” that central banks will increase their purchases after the sell-off and thus stabilize the market.
Standard Chartered also remains optimistic: “We remain constructive on gold in the long term, supported by structural factors such as strong demand from central banks in emerging markets and investor diversification in the face of geopolitical risks,” Rajat Bhattacharya said in an email to CNBC. The bank expects gold to return to around $5,375 an ounce in the next three months, with technical support at around $4,100. As Bhattacharya also pointed out, a weaker US dollar could act as a stabilization for the price of gold, it said. Markets expect that the US Federal Reserve will cut interest rates sooner or later, which could tend to weaken the US dollar and give the precious metal a boost, explains CNBC.
Svenja Polonyi, editorial team at finanzen.net
This text is for informational purposes only and does not constitute an investment recommendation. finanzen.net GmbH excludes any claims for recourse.
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