The shift in economic policy sentiment is quietly underway. As U.S. decision-makers begin to favor more aggressive stimulus measures, the market is about to face a major reshuffle in the macro environment, and this change could push gold prices to unprecedented heights—$6,000 per ounce.

Gold analyst Craig Hemke's recent views have attracted considerable attention. He predicts that under the Trump administration, the Treasury and Federal Reserve will engage in a highly aggressive coordination by 2026: stimulating economic growth through liquidity injections to offset the growing debt burden. Once this strategy kicks in, the precious metals market could see its strongest catalyst yet.

Hemke openly stated in an interview that U.S. officials have abandoned the old approach of tightening and balancing the budget. The current plan is straightforward: rely on rapid GDP growth to dilute debt pressure. Treasury Secretary Bessant even publicly announced the target—reducing interest payments as a share of GDP from the current 6% to 3%. To achieve this, the market widely expects Trump to replace the Fed Chair in May this year. The new appointee is likely to be more "obedient," working with the Treasury to push short-term growth through rate cuts.

However, this approach hides significant risks. If inflation re-emerges, long-term interest rates could easily spiral out of control. Hemke warned that if the situation develops in this direction, U.S. authorities are very likely to deploy a tool used since World War II—yield curve control. Essentially, the Fed would set a cap on interest rates and buy government bonds at that price, artificially holding nominal rates down.

What would happen under this mechanism? Inflation remains high, but nominal interest rates are locked, resulting in negative real interest rates. Negative real interest rates are a key driver behind soaring gold prices.

Based on this logical deduction, Hemke has made his price forecast: gold should at least reach $6,000 by 2026, and silver could break through $130. Additionally, global central banks are continuing to do one thing—adding to gold reserves and reducing dollar allocations. This de-dollarization trend, combined with steady industrial demand for precious metals, provides a solid bottom support for the rise of gold and silver.

From another perspective, this shift in traditional asset market expectations also has a profound impact on sentiment fluctuations in the crypto asset market. When central bank policies turn dovish and real interest rates enter negative territory, both gold and other alternative assets will have opportunities for revaluation.