The Wall Street gold bull run is accelerating right now as major institutions pour money into precious metals alongside BRICS nations expanding their reserves, and spot gold just hit an all-time high of $4,078.05 per ounce on Monday. Ed Yardeni of Yardeni Research predicts gold will reach $5,000 by 2026 and could surpass $10,000 before 2030, as the Wall Street gold bull run gains momentum with the BRICS gold currency movement.
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BRICS Gold Reserves And Wall Street Buying Signal $10,000 Rally
Wall Street’s Bold $10,000 Forecast
The Wall Street gold bull run has delivered a 54% surge since January, and Wall Street buying gold has intensified after U.S. stocks posted their biggest drop since April’s trade war chaos. Last Friday, the dollar weakened while gold climbed 1.5%, driven by renewed U.S.-China trade tensions and expectations of Federal Reserve rate cuts.
Yardeni, who’s been tracking this rally for years now, was clear about the fact that:
“We currently expect gold prices to reach $5,000 per ounce by 2026, and if the current rally persists, gold could surpass $10,000 per ounce by the end of this decade (before 2030).”
Based on gold’s trajectory since late 2023, this milestone could arrive as early as mid-2028. Analysts have validated the Wall Street gold bull run prediction multiple times as prices keep hitting new highs ahead of schedule.
BRICS Gold Reserves Reach Historic Levels
This was followed by the central banks adding an additional amount of over 1,000 tonnes to the reserves in the year 2024 alone, with the gold becoming the second-most held reserve asset in the world, surpassing the euro. The combined amount of BRICS gold reserves has topped 12,500 tons, and China and Russia have over 2,300 tons of reserves each by the time of writing.
BRICS also declared a new gold-oil-critical minerals-based trading platform at the 2025 Moscow Financial forum. The BRICS countries possess more than 70 percent of the world cobalt and 90 percent of niobium, which enhances the movement of BRICS gold currency. The need to have currency stability has boosted gold buying by Wall Street, especially after Washington froze Russian assets due to the invasion of Ukraine.
Market Signals Point to Continued Growth
Hamad Hussain, Climate and Commodities Economist at Capital Economics, noted:
“The ‘fear of missing out’ (FOMO) sentiment is permeating gold trading, making it more challenging to objectively assess the metal’s value.”
He added:
“As always, the well-known fact that gold does not generate income makes it difficult to objectively value. Overall, we believe that the nominal price of gold may steadily increase in the coming years.”
Also Read: Investors Ditching US Dollar For Bitcoin, Gold: Citadel CEO
Rising debt across major economies has prompted what’s being called “devaluation trades”—investors betting governments will tolerate higher inflation to ease debt burdens. The combination of BRICS gold reserves expansion and the Wall Street gold bull run signals a fundamental shift in how nations view reserve assets, supporting the Wall Street gold bull run prediction of $10,000 and beyond.
