Two Forces That Could Push Gold Past $10,000 This Year |
President Donald Trump in the gilded-gold Oval Office. Getty Images
Gold has climbed roughly 90 percent over the past year, and many see the rally as far from over. After breaching $5,000 for the first time on Monday following Trump’s threat of 100 percent tariffs on Canada, some analysts believe bullion could hit $10,000 by the end of the year. Gold is expected to gain further as inflationary pressures, the possibility of larger-than-expected interest rate cuts, and growing political turmoil weigh on the dollar.
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See all of our newslettersWhat’s behind gold’s recent surge?
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