From Yahoo Finance: 2025-05-09 22:11:00

Gold prices are expected to rally another 20% after already hitting records, says Jeff Gundlach. Investors are treating gold as a true asset class, not just a safe haven, driving bullion prices up 25% year-to-date. Gundlach predicts gold could reach $4,000 per ounce, citing tariff-related volatility and geopolitical turmoil.

Physically-backed gold ETFs grew by $11 billion in April to $397 billion globally. 58% of fund managers believe gold is the safest asset in a trade war. Gundlach warns of a potential breakdown in stocks, with a possible 20% drop in the S&P 500. Forecasters have issued bullish calls on gold, with targets ranging from $3,500 to $3,700 per ounce.



Read more at Yahoo Finance: Why Bond King Jeff Gundlach says record-setting gold is poised for another 20% rally