Peter Schiff Says $11,400 Is Coming After The Worst Losing Streak In Years
Gold’s Recent Decline: What’s Happening and What’s Next
Gold is currently experiencing one of its most significant drops in decades, with nine consecutive losing sessions and a 13% decrease in just one month. Since reaching an all-time high of $5,608 in January 2026, the precious metal has plummeted by 27%. Despite this steep decline, Peter Schiff, a prominent gold advocate, remains steadfast in his belief that the biggest surge in gold’s history is on the horizon, leading him to increase his holdings rather than sell.
So, why is gold falling at this moment? The primary reason behind the decline can be attributed to the recent Iran war, which has driven oil prices above $112 per barrel. The resulting inflation has prompted the Federal Reserve to maintain high interest rates, making U.S. Treasury bonds a more enticing investment compared to gold, which offers no interest returns. Consequently, investors have been selling off their gold holdings in favor of bonds, leading to the current downward trend in gold prices.
Despite President Trump’s announcement of a temporary pause in strikes against Iran, the subsequent confusion regarding the status of negotiations and Iran’s threats has done little to alleviate market uncertainty. As a result, gold prices have continued their downward trajectory, marking the longest losing streak since 2023.
Peter Schiff’s Bold Prediction: $11,400 Gold Price
Peter Schiff, a well-respected figure in the precious metals investing sector, has recently made a bold prediction regarding the future of gold prices. Drawing parallels to the 2008 financial crisis, Schiff notes that gold experienced a 32% crash followed by a 178% surge over the next three years. Applying a similar analysis to the current situation, he believes that gold’s current decline of 27% from its peak could lead to a potential surge that would see gold reach $11,400.
Schiff also dismisses the notion that a potential peace deal between the U.S. and Iran would have a negative impact on gold prices. He argues that regardless of the outcome, the war has already exacerbated the fiscal situation, leading to larger deficits, increased inflation, and a weaker dollar. These factors, in Schiff’s view, point towards a bullish outlook for gold in the medium to long term.
Gold Price Forecast: Analyzing the Numbers
As of now, gold is trading at $4,462 per ounce, down 27% from its peak but still showing a 48.27% increase compared to a year ago. While Trading Economics projects a price of $4,499 by the end of the quarter and $4,879 in twelve months, Schiff’s target of $11,400 from the current low of $4,100 presents a much more optimistic outlook for gold investors.
Despite the current downturn in gold prices, Schiff’s analysis and forecast suggest that the future holds significant potential for a substantial rally in gold prices. As investors navigate the uncertainties of the market, Schiff’s bullish stance on gold serves as a reminder of the metal’s enduring appeal as a safe-haven asset in times of economic turmoil.
