Silver Rises Over 120% YTD 
DoubleLine CEO Jeffrey Gundlach, often called the “bond king,” has reinforced his bullish stance on gold, predicting the precious metal will reach $4,000 per ounce. This forecast comes as gold recently surpassed the $3,000 milestone for the first time.
Gundlach has maintained this positive outlook for several years, dating back to when gold was trading around $1,800. While he’s hesitant to commit to a timeline for reaching $4,000 this year, he bases his prediction on technical analysis of gold’s previous price consolidation patterns.
Additionally, Gundlach highlighted the significant acceleration in central bank gold purchases, which he described as following a “very sharp, steep trajectory” – a trend he firmly believes will persist.
