"Gold's Potential Surge to $3000/Oz Amid Inflation Concerns"

Market veteran Ed Yardeni predicts that gold prices could rise as high as $3,500 an ounce by the end of 2025, implying a potential 50% upside for the precious metal if inflation surges to a second peak. Yardeni attributes this potential surge to potential supply-chain disruptions, geopolitical conflicts, and a strong US labor market, which could lead to a resurgence of inflation. Other economists also see upside for gold prices due to the risk stemming from expected Fed rate cuts and rising geopolitical conflict.