Gold to Soar to $10,000 by 2029, Predicts Ed Yardeni

• Ed Yardeni forecasts gold reaching $10,000 per ounce by 2029, aligning with his S&P 500 target under the "Roaring 2020s" framework.
• He notes gold's important portfolio role and historical tendency for rallies to exceed expectations, with a recent surge to $4,400 driven by rate cut hopes and safe haven demand.
• Yardeni expects the S&P 500 index to hit 7,700 by the end of 2026, suggesting continued double-digit gains for US equities.
• The AI trade is predicted to become more volatile, fostering competition among tech giants and benefiting a broader range of tech stocks.
• Indian equities may consolidate in 2025 but improve in 2026, with Yardeni preferring India over China due to its legal and corporate systems.

Why It Matters: Ed Yardeni predicts gold will hit $10,000 by 2029, alongside positive outlooks for US equities and Indian markets.