Gold’s March Toward $10,000 by 2028
Analysts Predict Gold’s Surge Is Only Just Beginning
Gold has now officially entered rarified air. After rallying over 50% year to date, the precious metal surged past $4,000 per ounce for the first time ever last week, then caught another boost on October 10 when President Donald Trump announced a 100% tariff on China and restrictions on U.S. software exports. At the same time, stocks posted their worst losses since the height of the trade war chaos in April.
This major move underscores the potency of gold in times of policy stress. With this rally already underway, some market veterans are now forecasting a potential 150% rise for gold by 2028, suggesting the precious metal could hit $10,000 per ounce if the trend holds.
Technicals, Tariffs, and Tailwinds
In a recent client note, Ed Yardeni, president of Yardeni Research, revisited his bullish thesis on gold. He reaffirmed his 2026 target of $5,000, adding, “We are now aiming for $5,000 in 2026.
If it continues on its current path, it could reach $10,000 before the end of the decade.”
Based on gold’s trajectory since late 2023, the price could reach the $10,000-per-ounce milestone sometime between mid-2028 and early 2029.
That trajectory implies a 151% climb from present levels — a bold but not unprecedented bull scenario. Yardeni lays out several reinforcing themes: gold’s time-honored role as an inflation hedge, growing central-bank allocations to bullion (i.e. the so-called “Gold Put”), the deleveraging of China’s real estate sector, and the destabilizing effects of Trump’s trade and geopolitical agenda.
“Economic and geopolitical forces have shaken up the status quo in recent years, causing investors to flock to safe-haven assets like gold,” Yardeni adds.
At the same time, gold’s ascent is being buoyed by the Federal Reserve’s shift toward rate cuts. With the labor market softening and inflation proving sticky above target, the Fed’s pivot is reinforcing gold’s appeal as yields slip and real rates stay compressed. Add to that the specter of debt overhangs in the U.S. and major developed economies, and you get a rising “debasement trade” pushing capital into precious metals.
Another foundational pillar behind the rally is central bank demand. While gold’s latest leg of strength owes much to momentum and macro uncertainty, official sector appetite remains a structural backstop. Central banks globally added a net 15 metric tons in August, with countries like Kazakhstan, Bulgaria, and El Salvador among the most aggressive buyers.
What Gold Signals Next
Gold’s continued path toward $10,000 doesn’t just reflect global instability — it confirms gold’s role as the ultimate store of value in a world defined by debt, inflation, and geopolitical upheaval. As fiat currencies weaken under mounting debt and political dysfunction, gold has reclaimed its historic position as the world’s true measure of wealth.
As markets wrestle with policy shocks, debt crises, and political volatility, one constant is becoming impossible to ignore: gold’s rise is not a temporary rally — it’s a revaluation of what real money means. The same forces undermining faith in paper currencies are reinforcing faith in tangible assets. For investors looking beyond headlines and volatility, gold offers not just protection, but participation in a historic shift toward lasting value.
That’s where Reagan Gold Group comes in.
We help investors secure their wealth through physical gold ownership and guide them toward financial independence built on trust, security, and tangible value.
Book Your Free Consultation Today!
