Gold And Bitcoin Positions May Increase Amid Short-Term Stability

According to Odaily, renowned investor Jeffrey Gundlach, often referred to as the "New Bond King," has expressed that positions in gold and Bitcoin might continue to rise. However, he anticipates that both assets will experience sideways movement in the short term. Gundlach also mentioned his personal stance on Bitcoin, stating, "I will never hold Bitcoin before a new government takes office." Furthermore, Gundlach highlighted concerns regarding energy prices. He suggested that if there is a significant surge in energy costs, it is unlikely that the Federal Reserve will implement interest rate cuts by 2025. This perspective underscores the potential impact of energy market fluctuations on monetary policy decisions. Gundlach's insights reflect a cautious outlook on the economic landscape, emphasizing the interplay between asset positions and broader economic factors.