Gold's going to reach $4,000, says Gundlach. He also puts recession probability at 60%.
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Jeffrey Gundlach, known as the 'bond king', predicts that gold will reach $4,000 and estimates a 60% probability of a recession. Gundlach has been bullish on gold for some time.
March 14, 2025 | 11:00 am
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POSITIVE IMPACT
Jeffrey Gundlach's bullish prediction on gold reaching $4,000 could positively impact AAAU, a gold-backed ETF, as it may attract more investors seeking exposure to gold.
AAAU is a gold-backed ETF, and Gundlach's prediction of gold reaching $4,000 is likely to increase investor interest in gold assets, potentially driving up the price of AAAU.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80