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Category: CRYPTO NEWS
The post Gold Prices Surge as Gundlach Spotlights Potential appeared on BitcoinEthereumNews.com. Jeffrey Gundlach, who heads DoubleLine Capital, asserts that the upward momentum in gold, which started in November 2022, is far from over. In a conversation with CNBC, Gundlach pointed out the increasing focus investors are placing on gold amid economic and geopolitical uncertainties. This trend underscores gold’s appeal as a reliable investment option during times of instability. What Drives the Shift to Gold?Can Stocks Compete with Gold’s Appeal? What Drives the Shift to Gold? Gundlach believes gold is now a vital asset for those looking for enduring value instead of short-term gains. The unpredictability spurred by trade policies from the Trump era has significantly boosted gold’s attraction. A growing number of investors are seeking refuge in gold to protect themselves from market turbulence and economic instability. Gundlach explained that gold has emerged as a stable asset amidst market swings, breaking past $2,000 and moving towards $3,000, reflecting a strong trend. Its role has evolved beyond being a safe bet for risk-averse investors, functioning as a monetary asset in light of global problems like trade tariffs and rising debt. Gundlach forecasts gold could reach $4,000 per ounce. Currently, gold prices are smashing records, as it trades at $3,275 per ounce—a remarkable 102% rise from the $1,616 recorded in November 2022. Just last month, gold reached an unprecedented high of $3,500. Can Stocks Compete with Gold’s Appeal? Despite gold’s stellar performance, Gundlach takes a cautious outlook on the U.S. stock market, including the potential decline of the S&P 500 index. His prediction of the index dropping to 4,500 points has captivated the attention of market watchers. Expert analysis suggests that climbing global debt, volatile monetary policies, and geopolitical risks partially account for gold’s rapid appreciation. Investors continue to gravitate toward gold because it carries no third-party risk and is less likely to…
2025-05-13T02:41:08+00:00