Gold, S&P 500 to Double by 2029? Yardeni Forecasts $10,000 Target

• Market strategist Ed Yardeni forecasts S&P 500 and gold to reach 10,000 by end-2029, with gold more than doubling from current levels.
• Spot gold recently hit an all-time high of $4,383.73 per ounce, surging 67% this year due to safe-haven demand, geopolitical tensions, central bank buying, and Fed rate cut expectations.
• Yardeni projects the S&P 500 to hit 7,700 by end-2026, marking a potential 13% upside and a fourth consecutive year of double-digit gains.
• His "Roaring 2020s" thesis highlights gold and S&P 500's inverse short-term relationship for diversification, but an almost identical long-term trend.
• Yardeni prefers India's stock market over China's due to its legal and corporate system, anticipating consolidation in 2025 but potential new highs for India in 2026.

Why It Matters: Ed Yardeni predicts significant long-term growth for gold and S&P 500, targeting 10,000 by 2029.