Gold surged to $4,500 today, extending a historic rally that has forced Wall Street to rethink long-term price assumptions. Veteran strategist Ed Yardeni, who previously predicted gold would exceed $4,000 by year-end, has now emerged as one of the most cited voices behind the metal’s renewed credibility as a core asset. His call proved timely as inflation risks, geopolitical tensions, and heavy sovereign debt kept demand elevated.
Yardeni argues that gold is no longer trading purely as a crisis hedge. Instead, it is increasingly viewed as a strategic reserve asset amid concerns over currency debasement and fiscal sustainability. Central bank accumulation and institutional inflows have reinforced this structural shift in demand.
Looking into 2026, strategists see volatility but a much higher baseline for prices. Even without extreme shocks, gold is now being repositioned as a permanent allocation in diversified portfolios.
Excerpt: Gold hit $4,500 today, validating Ed Yardeni’s bullish forecast and pushing Wall Street to raise its long-term outlook for the metal heading into 2026.
