Gold Price Shock: US Economist Predicts $10,000/Ounce by 2029, ₹3 Lakh in India

• US economist Ed Yardeni forecasts gold could reach $10,000 per ounce by 2029, potentially hitting ₹3.08 lakh in India.
• The predicted surge is attributed to expected US Federal Reserve interest rate cuts, safe-haven demand, and a weakening dollar.
• Yardeni considers gold a crucial long-term investment, not merely a crisis asset, often exceeding expectations historically.
• He also projects S&P 500 growth and prefers India's market over China's due to its stronger legal and corporate systems.
• Yardeni warns against mixed global monetary policies, calling simultaneous tightening and fiscal stimulus unsustainable.

Why It Matters: Gold set for massive surge: US economist forecasts $10,000/ounce by 2029, ₹3 lakh in India.