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Dalio Urges 5-15% Gold Hedge Amid Stagflation, Fed Hold

4/28/2026

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Summary

Story summary

Ray Dalio suggested keeping 5%–15% of portfolios in gold as a hedge.
Dalio warned the U.S. economy entered stagflation, urged Fed chair Kevin Warsh not to cut rates, and said equities rebounded as earnings stay strong despite the war with Iran.
The CME FedWatch tool shows a 100% chance the Federal Reserve (Fed) will keep rates steady at this week’s meeting, with Fed funds futures expecting the hold through year-end.

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Story summary

Ray Dalio suggested keeping 5%–15% of portfolios in gold as a hedge.
Dalio warned the U.S. economy entered stagflation, urged Fed chair Kevin Warsh not to cut rates, and said equities rebounded as earnings stay strong despite the war with Iran.
The CME FedWatch tool shows a 100% chance the Federal Reserve (Fed) will keep rates steady at this week’s meeting, with Fed funds futures expecting the hold through year-end.