Greenlight Capital’s David Einhorn predicts more Fed interest rate cuts than expected, boosting his confidence in gold. Despite strong January jobs report, traders still expect two cuts this year. Einhorn believes Kevin Warsh, potential Fed chair, will push for more cuts. Gold prices have risen 17% in 2026 amid global uncertainties.

Einhorn, known for betting against Lehman Brothers, cites gold’s appeal as a reserve asset amid unstable trade policies. He believes U.S. dollar’s drop and fiscal policies make owning gold a smart move. Long-term, he sees major currencies facing challenges. He is bullish on gold and SOFR futures, anticipating lower rates.

Read more at CNBC: David Einhorn says the Fed will cut ‘substantially more’ than two times. So he’s betting big on gold