Hong Hao: Gold price doubling is "beyond doubt"

Golden Ten Data reported on April 19 that although the gold price once plunged due to the US-Iran conflict, its brilliance remains undiminished over the long term. At the recent “2026 Market Outlook Forum” held by London Stock Exchange Group (LSEG), economist Hong Hao stated that the recent decline in gold was not due to a deterioration in fundamentals, but rather because it had “fulfilled a staged historical mission.” Hong Hao analyzed that the lower the creditworthiness and the higher the yield of US Treasury bonds, the higher the gold price will be a year later. Holding 10-year US Treasuries for one year may result in nearly a 10% loss, making it a highly unfavorable trade; in contrast, whether it’s the fundamental logic, narrative logic, or data models, all point to a higher gold price, and the prospect of it doubling in the future is beyond doubt. Although gold prices have seen sharp corrections in the short term, he remains optimistic about the long-term outlook.