‘Bond King’ Jeffrey Gundlach bets on gold, sees rising recession chances, dollar decline

DoubleLine CEO Jeffrey Gundlach is betting on gold.  “I am certainly long gold,” Gundlach said in an investor webcast 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.