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‘I am certainly long gold’

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Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019.

Adam Jeffery | CNBC

DoubleLine CEO Jeffrey Gundlach is betting on gold.

“I am certainly long gold,” Gundlach said in an investor webcast on Thursday. He added his trade is based on the expectation that the dollar will finish the year lower.

When the dollar weakens, gold tends to appreciate as it becomes cheaper for investors holding other currencies.

Gold prices hit a three-month high in…



Source cnbc.com

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