Can Gold Double Again to $10,000/Ounce? Analysts Divided
💬 Gold investors: $10,000 gold — fantasy or inevitable? Where do you stand in this wild debate? Let’s hear your price target!
Gold hit an all-time high of roughly **$5,600 per ounce** in January this year — more than double the level of around $2,600 at the end of 2024.
As of press time, gold has pulled back to approximately $4,800 an ounce.
Even so, a growing number of prominent analysts, business leaders, and investors — including Jamie Dimon, CEO of JPMorgan Chase — believe gold could nearly double again to $10,000 per ounce in the near future.
Why Did Gold Surge Over the Past Two Years?
In 2022 and 2023, the Federal Reserve raised interest rates to fight inflation.
This pressure strengthened the U.S. dollar and weighed on dollar-denominated gold.
However, six Fed rate cuts in 2024 and 2025 weakened the dollar again, boosting gold prices.
At the same time, geopolitical conflicts, trade wars, tariffs, and persistent inflation continued to drive investors toward gold as a safe-haven asset.
Many poured into major gold ETFs, including SPDR Gold Shares (GLD), to profit from the trend.
The Fed has not cut rates yet this year, but the outbreak of the Iran War in late February unsettled markets, pushing more investors to add gold.
In late March, the U.S. Treasury declared the government effectively insolvent — signaling the Fed may need to expand money supply to manage debt.
With stocks stagnating or falling, the resulting dollar devaluation could push gold even higher.
Can Gold Really Hit $10,000?
Gold reaching $10,000 may take longer than many expect.
From roughly $1,300 an ounce in 2019 to $2,600 in 2024, gold took about five years to double.
Thus, the recent surge may only be a knee-jerk reaction to global events.
If the Iran War ends and the macro environment improves, gold could lose appeal as investors shift back to riskier assets.
But if the dollar collapses, global war erupts, or other crises shock the world economy, gold could certainly skyrocket to $10,000.
A Low-Cost, Safe Dividend Gold Stock for Retirees
For retirees seeking income and wealth preservation, $THOR EXPLORATION LTD.(THXPF)$, a West Africa-focused gold producer, stands out.
The stock is low-priced, profitable, and offers a dividend yield near 4%.
The company is debt-free and holds $137 million in cash.
It is also building a second mine, which will nearly double production without issuing new shares.
Investing is not risk-free.
Thor operates in Nigeria and Senegal, facing geopolitical and regulatory uncertainty.
Tax negotiations with the Senegalese government are ongoing.
However, the company has a successful operating track record in Nigeria, holds environmental approvals in Senegal, and has completed detailed project costing with its EPC partner over 18+ months.
For retirees seeking dividend income while waiting for new mine growth, this gold stock deserves attention.
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