--- title: "\"Wall Street Prophet\" Yardeni: S&P and Gold to March Toward 10,000 Mark in Sync by 2030" type: "News" locale: "en" url: "https://longbridge.com/en/news/288063853.md" description: "\"Wall Street Prophet\" Yardeni: S&P and Gold to March Toward 10,000 Mark in Sync by 2030" datetime: "2026-05-29T11:58:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288063853.md) - [en](https://longbridge.com/en/news/288063853.md) - [zh-HK](https://longbridge.com/zh-HK/news/288063853.md) --- # "Wall Street Prophet" Yardeni: S&P and Gold to March Toward 10,000 Mark in Sync by 2030 Ed Yardeni, a veteran Wall Street analyst and founder of Yardeni Research, has proposed a "Double 10,000" forecast: the S&P 500 and gold are expected to simultaneously hit the 10,000 mark by the end of this decade. In a report to clients on Thursday, Ed Yardeni pointed out that **the core logic behind his long-term bullish stance on gold lies in the expectation that the S&P 500 will rise to 10,000 points before 2030. During this process, investors will continue to rebalance into assets such as gold, thereby driving gold prices higher in tandem.** Yardeni also holds an optimistic outlook in the near term. He expects that once the Iran conflict officially ends, gold prices will regain their upward momentum and reach $5,500 per ounce by the end of 2026—$1,000 higher than Friday's price of $4,533. Currently, gold remains under pressure from the shadow of war, recording only about a 5% gain so far this year, far lagging behind its strong performance of over 70% in 2025. In contrast, the S&P 500 has put geopolitical risks behind it, hitting consecutive record closing highs since the low on March 30. ## "Double 10,000": Rebalancing Effect Drives Long-Term Co-movement of Gold and Stocks Although the S&P 500 and gold prices often show a negative correlation on a cyclical basis, Ed Yardeni points out that over a longer time horizon, the two actually tend to move in the same direction. His logic is that as the stock market's long bull run continues, the wealth accumulated by investors will prompt them to rebalance into assets such as gold, providing structural support for gold prices. Gold's performance this year has been heavily dragged down by the Iran conflict. After hitting a high of $5,318 per ounce in late January, gold prices fell all the way back, dropping to around $4,375 in March. Although there was some rebound following the achievement of a ceasefire agreement, prices have failed to return to previous highs. Ed Yardeni pointed out that **gold prices are currently testing multiple technical support levels, including the March lows, the 200-day moving average ($4,407), and the medium-term upward trend line.** He stated that "the price decline since late January has brought gold back within the upward channel that began in late 2023," and believes this support is likely to hold. In his view, the official end of the conflict will be a key catalyst for gold prices to restart their upward trend. ## Strong Dollar and Hawkish Fed Expectations Pose Phased Resistance In addition to geopolitical factors, gold faces dual pressures at the macro level. The stronger performance of the US dollar during wartime acts as a direct headwind for gold, which is priced in dollars; meanwhile, some central banks, with their currencies weighed down by high oil prices, have been forced to sell gold reserves to stabilize exchange rates, further suppressing gold price performance. Ed Yardeni expects the Federal Reserve to shift to a more hawkish interest rate stance this summer, which will pose phased resistance to the rise in gold prices. However, he believes that the end of the Iran conflict will help weaken this negative impact, thereby clearing the way for gold prices to restart their upward trend. Risk Warning and Disclaimer The market involves risks, and investment should be approached with caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial status, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. 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