New Delhi, Dec. 22 -- Market strategist Ed Yardeni predicts a bullish long-term trend for S&P 500 and gold prices, which could touch the 10,000 mark by 2029, with the yellow metal doubling from present levels, according to a report by CNBC TV-18.

The remarks come at a time when spot gold reached an all-time high of $4,383.73 per ounce on Monday, 22 December. The metal has already climbed 67% this year amid strong safe-haven demand, geopolitical and trade tensions, substantial central bank purchases, a soft dollar, and expectations of rate cuts by the US Federal Reserve.

In an interview with the news portal, the President of Yardeni Research also identified a short-term milestone for the US benchmark equity index, estimating it will hit ...