Analysts are examining whether gold’s price could reach $10,000 as geopolitical tensions and de-dollarization trends persist. Capitalight analyst Chantelle Schieven suggested in an interview the target is no longer absurd and could be reached within 5 to 7 years. Another analyst, Rashad Hajiyev, has set nearer-term targets between $7,000 and $8,000 for the precious metal.
The idea of gold reaching $10,000 is gaining traction among analysts amid worsening global uncertainties. In an interview, Head of Research at Capitalight Chantelle Schieven stated multiple narratives support this potential transformation.
Schieven noted that gold’s current trajectory could see it hit that mark by 2029. “At the rate gold has been moving. If it continues on this trend, we would be there by 2029,” she said.
She questioned whether this would require a dramatic global shift or if existing structural forces are sufficient. The analyst emphasized that long-term momentum for the asset remains upward.
Schieven pointed to persistent geopolitical tensions and expanding government debt as key supportive factors. “It would take a significant shift in geopolitical sentiment to end this current cycle. And I just don’t see that happening,” she stated.
For the nearer term, analyst Rashad Hajiyev has outlined more immediate price targets. He believes gold is positioned for a breakout from a large technical pattern.
Hajiyev stated that a similar breakout last year resulted in a 63% gain over five months. “Upon breakout of the present triangle my $7k to $8k targets could end up being quite conservative…” he said.
