Analyst expects gold to fall off the ‘Wall of Worry’ as stock market climbs to record highs. Gold has surged 29.5% this year, hitting roughly $3,460 an ounce. Gold is seen as a hedge against geopolitical risks, not inflation. Investors turn to gold for protection and profits in uncertain times. Market observers expect gold rally to continue, with some caution about potential volatility. Veteran strategist believes gold is not overpriced, with room for growth in gold stocks. However, senior strategist warns it may be a “sell-the-rallies” market due to dollar strength. Legendary Wall Street forecaster Bob Doll warns of potential 50% haircut for gold, with stock market also at risk of significant decline. Doll emphasizes reading probabilities, not predicting outcomes. Monthly S&P 500 futures chart suggests potential drop to low 5000s. Doll personally favors Treasury securities, citing 4-5% returns as better option than stocks. Doll’s strategy focuses on riding out rough patches until market optimism returns. Analysts expect gold to face challenges ahead. Doll’s cautionary outlook underscores need for careful investment strategies in uncertain market conditions.

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