Gold Price Could Hit $10K by 2029, Capitalight Analyst Warns Amid Geopolitical Tensions

Capitalight Research analyst Chantelle Schieven has issued a stark warning that gold's path to $10,000 per ounce is no longer an absurd proposition, with escalating global uncertainties potentially triggering a bold price transformation by 2029. In an exclusive interview with Kitco News, Schieven emphasized that worsening geopolitical tensions are fundamentally strengthening gold's investment thesis, making a monumental surge to five-digit valuations a credible near-term forecast within the current macro landscape.

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.

Schieven later shared that investors who are positioned for the long haul may reap significant profits, as compared to short-term trading holders.

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.

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 breakout. Previous similar breakout in August of 2025 resolved with a 63% gain over 5-month period. Upon breakout of the present triangle my $7k to $8k targets could end up being quite conservative… pic.twitter.com/sHN1c6PhIG