Gold’s Shining Moment: From Portfolio Fuddy-Duddy to Must-Have

“They have legitimate concerns about the sustainability of debt loads carried by developed-market sovereign issuers, including the US, and about the prospects for a weaker dollar. Already, the Fed faces political pressure from the Trump administration to keep Treasury yields low, a policy that risks stoking inflation.”“Investors now regard gold not as a vehicle limited to speculation but as a core holding,” Gundlach told The Daily Upside.In March 2025, when gold traded near $2,915, he projected a climb to $ ...