Gundlach says gold is no longer for lunatics as the bond king says wait to buy the 30-year
From Yahoo Finance: 2025-06-12 09:38:00
Stocks are on the decline as influential investors warn of market uncertainty under President Trump. The bond king predicts rising yields and sees gold as a safe asset. Tech stocks tied to AI are a momentum trade, with Gundlach advising long-term investments in India. Treasury yields and the dollar are falling, while gold prices climb. Producer prices rose 0.1% in May, jobless claims hold steady, and a 30-year notes auction is upcoming. Boeing shares drop after an Air India crash, while Oracle stock rises after lifting revenue expectations. GameStop plans to raise debt, potentially for more bitcoin purchases. Shares are dropping. BioNTech is acquiring CureVac for $1.25 billion in stock. Chime Financial priced its IPO at $27 a share. President Donald Trump plans to send tariff rate letters to trading partners. World Bank ends ban on funding nuclear power projects. ICE raids have driven Latino shoppers into hiding. New T-rex species discovered. American woman sparks cutlery war with Europeans. Poundland sold for expected price.
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