Fortune: At This Rate, the Price of Gold Could Soar to $10,000 Per Ounce in Just Three Years
Article by Jason Ma in Fortune
After surging nearly 50% so far this year, gold could skyrocket 150% as early as 2028 if its current pace keeps up.
The precious metal topped $4,000 per ounce for the first time ever earlier this week, then got another jolt Friday, when President Donald Trump said he will impose an additional 100% tariff on China and limit U.S. exports of software.
Stocks suffered their worst loss since the height of Trump’s trade war chaos in April. The dollar fell while gold jumped 1.5%, reinforcing its status as a safe haven asset as investors lose confidence in the greenback.
In a note on Monday, market veteran Ed Yardeni, president of Yardeni Research, went over his earlier bullish calls on gold, which has repeatedly reached his forecasts ahead of schedule.
During that time, he cited gold’s traditional role as a hedge against inflation, central banks de-dollarizing after .....