This strategist said gold would top $4,000 by year-end. He was right. Here’s what he foresees in 2026.

Core Viewpoint - Yardeni Research projects significantly higher gold prices, forecasting $6,000 per ounce by the end of 2026 and $10,000 by the end of the decade, following a bullish trend in precious metals [4][5]. Market Performance - The S&P 500 has shown a modest increase of 1.6% in December, contrasting with a strong performance in precious metals, where gold has risen by 9% and silver by 36% during the same month [2][3]. Gold Price Forecast - Yardeni Research initially predicted gold would reach $4,000 by the end of 2023 and $5,000 by the end of 2024, but has now raised its year-end 2026 target to $6,000, indicating a more optimistic outlook [4][5]. - The firm believes that if the S&P 500 reaches 10,000 by the end of 2029, gold prices should align at $10,000 based on their trend analysis [6]. Investment Strategy - The firm turned bullish on gold in early 2024, attributing the rally in precious metals to increased purchases by central banks following geopolitical tensions, particularly the freezing of Russia's international reserves by the U.S. and EU [7].