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 Until the futures year, “I think the inflation outlook is very uncertain. (Powell) doesn’t really know the tariff effect… It’s right to show what it will happen when it kicks in,” Gundrach said. Bullion has signaled a stable path to ease the year, reaching the new all-time high of $3,744 after the Federal Reserve cut interest rates for the first time this year. Gold has become an asset acquired, rising more than 40% this year. Gundlach noted that gold gatherings are spreading across gold miners stocks. Check out the full interview with Gundlach.
