The global gold rally has entered uncharted territory as Wall Street and BRICS nations align in a historic push that could redefine the world’s monetary landscape.
Spot gold reached an all-time high of $4,078.05 per ounce on Monday, marking a 54% surge since January and reflecting a powerful convergence between institutional investors and central banks seeking refuge from currency instability.
According to Ed Yardeni, President of Yardeni Research, “We currently expect gold prices to reach $5,000 per ounce by 2026, and if the current rally persists, gold could surpass $10,000 per ounce by the end of this decade.” Yardeni’s forecast underscores growing investor confidence in gold’s role as a hedge against inflation and geopolitical risk.
This bullish momentum is reinforced by the BRICS nations, which have added more than 1,000 tonnes of gold to their reserves in 2024 alone, lifting their combined holdings above 12,500 tonnes. China and Russia each now hold over 2,300 tonnes, positioning gold as the second-most held reserve asset globally, surpassing the euro.
The 2025 Moscow Financial Forum further fueled optimism with BRICS’ announcement of a gold-oil-critical minerals-based trading platform, leveraging their dominance in cobalt and niobium production. Analysts say this diversification strengthens the bloc’s efforts to establish a BRICS gold currency, offering an alternative to the U.S. dollar-dominated system.
Hamad Hussain, Climate and Commodities Economist at Capital Economics, noted, “The ‘fear of missing out’ sentiment is permeating gold trading, making it more challenging to objectively assess the metal’s value.”
With rising global debt, inflation tolerance, and geopolitical shifts, experts agree that the Wall Street–BRICS gold alliance is shaping the next era of financial security — and possibly the path to $10,000 gold.
