Doubleline Capital's Gundlach Says Even At Today's Level, Its Worth Dollar Cost Averaging Into Gold
Portfolio Pulse from Benzinga Newsdesk
Doubleline Capital's Jeffrey Gundlach suggests that even at current levels, it is worth dollar-cost averaging into gold. This recommendation was made during a CNBC interview.
June 12, 2024 | 7:48 pm
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POSITIVE IMPACT
Jeffrey Gundlach of Doubleline Capital recommends dollar-cost averaging into gold, which could positively impact the SPDR Gold Shares ETF (GLD).
Gundlach's recommendation to invest in gold even at current levels is likely to drive interest and investment in GLD, a major gold ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
While the focus was on gold, the mention of dollar-cost averaging could also have a neutral to slightly positive impact on SPY as investors consider diversified strategies.
Although the primary focus is on gold, the concept of dollar-cost averaging could lead some investors to consider diversified investments, including SPY.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30