Robert Kiyosaki Admits Gold Call Wrong on June 29, Maintains $35K Target

On June 29, Rich Dad Poor Dad author Robert Kiyosaki acknowledged his latest gold price prediction was wrong, with the cryptocurrency advocate admitting on X that he had misread the market's direction. Gold fell to approximately $4,040 per ounce, deepening its monthly decline to over 10% amid shifting geopolitical tensions and evolving Federal Reserve expectations.

Despite the recent pullback, Kiyosaki reaffirmed his long-term conviction, stating he still believes gold will reach $35,000 within approximately five years. He framed the price decline as a market lesson for investors, emphasizing that successful traders prioritize long-term positioning over short-term market discomfort.