Gold prices have surged 50% this year and could jump 150% by 2028. President Trump’s trade war chaos has boosted gold to over $4,000 per ounce. Stocks suffered as investors lose confidence in the dollar, causing gold to jump 1.5% and reinforce its status as a safe haven asset.

Market expert Ed Yardeni predicts gold hitting $5,000 in 2026 and potentially reaching $10,000 by 2030. Gold’s rise is linked to inflation, central banks de-dollarizing, China’s housing bubble burst, and Trump’s trade war. The price could hit $10,000 by mid-2028 to early 2029.

Gold’s recent surge is fueled by the Federal Reserve’s shift back to rate cuts, inflation concerns, and soaring debt in top economies. Investors are turning to precious metals and Bitcoin amidst fears of global currency devaluation. Capital Economics foresees continued price rises, though the pace may slow as key tailwinds weaken.

Read more at Yahoo Finance: At this rate, the price of gold could soar to $10,000 per ounce in just three years