Gold enters bear market territory with sharp selloff pushing prices down 21 percent from January peaks, yet prominent strategists remain bullish on long-term prospects. Spot gold fell 1.5 percent to $4,335.97 per ounce as investors unwound positions amid dollar strength and tentative geopolitical easing. Despite near-term weakness, market analysts view the decline as a buying opportunity rather than a fundamental shift. Ed Yardeni maintains his ambitious $10,000 per ounce target by decade's end, while lowering his year-end forecast to $5,000. Strategists cite persistent geopolitical risks, robust central bank demand, and expected dollar weakness as structural supports for gold prices. The selloff reflects short-term dislocations driven by portfolio rebalancing and profit-taking, not deteriorating fundamentals underlying the precious metal's bull case.
