It’s been a historic year for gold (XAUUSD), with the precious metal showing no signs of slowing down after setting a series of record highs. On Monday, gold secured another all-time high on renewed U.S.-China trade fears following Trump’s threat to impose an additional 100% tariff on China. He later softened his stance, saying the U.S. “wants to help China, not hurt it!” in a Truth Social post.
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Trump’s unpredictable tariff strategy has boosted demand for gold as a safe-haven asset, with bullion on track for its best year since 1979.
Gold to $5,000?
Yardeni Research, alongside Bank of America, have raised their 2026 gold price target to $5,000, implying upside of about 22% from current levels.
“Looking into 2026, a 14% increase of investment demand – similar to what we have seen this year – could lift gold to $5,000/oz,” said BofA.
If gold continues its trajectory, it could even reach $10,000 before 2030, added Yardeni Research founder Ed Yardeni.
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