As geopolitical tensions continue to worsen, gold’s price may undergo a bold transformation, as highlighted by Capitalight analyst Chantelle Schieven. In an interview with Kitco, Schieven pointed out multiple narratives on how gold’s path to $10K is no longer absurd as changing geopolitical uncertainties continue to make gold stronger than ever.
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Gold to $10K?
A few years ago, the idea of gold hitting a staggering $10,000 mark would have been a strange idea. However, things have now started to shift gravely. As global economies continue to plunge into chaos, rising global debt and other similar narratives may continue to spiral, making gold stronger than ever.
In a Kitco interview, Head of Research at Capitalight Chantelle Schieven shared how the rising global uncertainty is causing gold to become stronger than ever, paving a narrative for it to hit $10K in 5 to 7 years.
“At the rate gold has been moving. If it continues on this trend, we would be there by 2029,” she said, noting that the key question is whether such a move would require a dramatic change in the global environment or whether current structural forces are enough to sustain the rally.”
Schieven later shared that investors who are positioned for the long haul may reap significant profits, as compared to short-term trading holders.
“The long-term momentum is still upward,” Schieven shared.
Despite the current downturn momentum of the precious metal domain, Schieven believes elements like spiraling global mayhem and debt may continue to strengthen gold in the long haul.
“It would take a significant shift in geopolitical sentiment to end this current cycle. And I just don’t see that happening,” she said. “I also don’t see government debt shrinking anytime soon.”
Gold Price Short-Term Targets
Amid the global volatility expanding with each passing second, leading analyst Rashad Hajiyev believes gold is still on path to hit $7K in the near future.
“Gold’s massive triangle is about to break out. A previous similar breakout in August of 2025 resolved with a 63% gain over a 5-month period. Upon breakout of the present triangle, my $7k to $8k targets could end up being quite conservative…”
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