Market Watch: Gold's Going to Reach $4,000, Says Gundlach. He Also Puts Recession Probability at 60%
Article by Steve Goldstein in Market Watch
The so-called bond king has been a gold bull for a while, and he says the yellow metal will get to $4,000.
“Gold continues its bull market that we’ve been talking about really now for a couple of years ever since gold was down to $1,800,” DoubleLine Chief Executive and Chief Investment Officer Jeffrey Gundlach told investors on a call he hosted that was held this week, but before gold futures reached the $3,000 per ounce milestone for the first time.
“I’d be so bold to say I think gold will make it to $4,000. I’m not sure that’ll happen this year, but I feel like that’s the measured move anticipated by .....