$10,000 gold still in play? Market watchers hold firm despite bullion bear market slide
#gold #$10,000 #bear market #bullion #market analysts #price prediction #inflation
📌 Key Takeaways
- Market analysts maintain predictions of gold reaching $10,000 per ounce despite recent price declines
- Gold has entered a technical bear market, falling over 20% from recent highs
- Long-term bullish factors like inflation and geopolitical uncertainty continue to support the $10,000 forecast
- Current price weakness is viewed by some as a temporary correction rather than a trend reversal
📖 Full Retelling
Gold's sharp selloff may have pushed the metal firmly into bear market territory, but some market veterans are sticking to ambitious long-term forecasts.
🏷️ Themes
Gold Market, Price Forecast
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In this article STAN-GB SCBFF Follow your favorite stocks CREATE FREE ACCOUNT Pakin Songmor | Moment | Getty Images Gold's sharp selloff may have pushed the metal firmly into bear market territory, but some market veterans are sticking to ambitious long-term forecasts. Bullion extended its slide Tuesday, with spot prices falling as much as 2% before trimming losses to trade down 1.5% at $4,335.97 an ounce. Futures dropped about 2% to $4,317.80, while silver also declined. The move leaves gold — down roughly 21% from its late-January peak of $5,594.82 — firmly in a bear market. For many strategists, the recent slump reflects short-term dislocations rather than any shift in gold's underlying fundamentals. Persistent geopolitical risks, strong central bank demand and the prospect of a weaker U.S. dollar continue to underpin a structural bull case for the metal. Gold is traditionally seen as a safe haven by investors during times of instability. "We are sticking with $10,000 by the end of the decade," Ed Yardeni, president of Yardeni Research told CNBC via email, even as he lowered his year-end forecast to $5,000 per ounce from $6,000 — which is still up around 15% from current levels. The latest leg lower came as investors unwound positions amid a stronger U.S. dollar and tentative signs of easing geopolitical tensions after U.S. President Donald Trump said on Monday he had ordered a five-day pause on planned strikes against Iran's energy infrastructure. The U.S. dollar has been strengthening, which might have triggered profit-taking in gold, said market participants. Gold prices since the start of the year. The dollar index has strengthened around 3% since the start of the war on Feb. 28. Despite the near-term weakness, strategists broadly view the selloff as an opportunity rather than a turning point. Justin Lin, investment strategist at Global X ETFs, said his base case for gold remains $6,000 per ounce by year-end, describing the recent drop as "a compelling entry ...
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