Yardeni Sees Gold at $6,000 by Year-End, Charts Hit $5,200 Resistance
Ed Yardeni forecasts gold rising to $6,000 an ounce by year-end and $10,000 by decade’s end, while technical charts show resistance around $5,200 after U.S. existing home sales climbed 1.7% in February. Gold and silver posted solid gains on safe-haven bids and U.S. dollar weakness despite Iran conflict de-escalation.
1. Yardeni's Gold Price Forecast
Ed Yardeni calls for aggressive gold rallies to $6,000 by year-end and $10,000 by decade’s end, citing long-term inflation trends and divergence in central bank policies that could underpin precious metals demand.
2. Technical Resistance at $5,200
Gold has encountered resistance around $5,200 per ounce on daily charts, with upside momentum stalling even as U.S. existing home sales rose 1.7% in February, indicating mixed underlying near-term fundamentals.
3. Safe-Haven Demand Dynamics
Gold and silver rallied on safe-haven bids amid U.S. dollar weakness, with volatility easing following de-escalation of Middle East hostilities; active traders are eyeing key intraday entry points based on recent market swings.