Doubleline Capital CEO Jeffrey Gundlach is so bullish on gold that investors say they can hold a quarter of their metal portfolio. Gundlach, who managed around $95 billion at the end of 2024, believes gold remains standout due to the background of inflation pressure and the weak dollar. “I think gold will almost certainly be over $4,000 by the end of this year,” Gundlach said on CNBC’s “Closing Bell.” His predictions represent 7% upside from current record levels. “I still don’t think the weighting of the 25% type of gold is excessive. I think it’s an insurance contract. It’s a victory mode because the dollar is weak and I believe it will continue,” he said. As the US dollar weakens, greenback price gold becomes more attractive to holders of other currencies, with higher inflation rates, and metals become more attractive as valuable reservoirs. When interest rates drop, gold wins an appeal. This is because lower yields reduce the opportunity cost of holding non-2 assets. Gundlach’s gold call is based in part on his belief that inflation will stubbornly rise due to the effects of tariffs. @GC.1 YTD Mountain Gold Futures YEAR TORE “I think the outlook for inflation is very uncertain. [Powell] Gundrach said. Gundrach said. Bullion hit its new day-to-day high of $3,744 after cutting interest rates for the first time this year. This year, we show that we have expanded our money normally. Gold Minor Stocks suggest that retail investors are beginning to take part in momentum trading in the gold market.
