Gundlach: Gold prices will "almost certainly" close above $4,000 by the end of the year.

Jin10 data September 18 news, after the Fed made the interest rate decision, “new debt king” Gundlach talked about gold prices, which broke through $3,700 today. Gundlach pointed out that the price of gold has risen more than 100% over the past two years and has increased by 45% so far this year, calling this trend “absurd.” Gundlach said: “Now even gold miners are getting involved, which indicates that retail investors are starting to join the momentum trading in the gold market.” Gundlach noted that he has always been optimistic about gold and predicted earlier this year that gold prices would reach $4,000. Today, he went further, predicting that gold prices would rise by another $340 from current levels, an increase of about 9.2%. He said: “I think by the end of this year, gold prices will almost certainly close above $4,000.”