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Gundlach Urges Cash, Gold as Fed Skips Rate Cuts

5/10/2026

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Summary

Story summary

Jeffrey Gundlach, chief investment officer of DoubleLine Capital, warned investors to shift to cash and gold because Federal Reserve (Fed) will not cut rates, with odds of a cut at 12% and odds of a hike at 16%.
He recommended 20% cash, 20% commodities, up from 10-15%.
He said gold at $4,753 per ounce, 9% YTD, would be bought “with hands” if below $3,500, with a 25% allocation not excessive.

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Story summary

Jeffrey Gundlach, chief investment officer of DoubleLine Capital, warned investors to shift to cash and gold because Federal Reserve (Fed) will not cut rates, with odds of a cut at 12% and odds of a hike at 16%.
He recommended 20% cash, 20% commodities, up from 10-15%.
He said gold at $4,753 per ounce, 9% YTD, would be bought “with hands” if below $3,500, with a 25% allocation not excessive.