Gundlach dials up his warning of a US recession

MarketInsider/Zahra Tayeb/6-7-2023

graphic image recession ahead sign on darkened road leading to city“Forecasts for the world’s largest economy have been growing increasingly grim following the past year’s surge in interest rates and amid a credit squeeze caused by the recent banking turmoil.”

USAGOLD note: Gundlach is not moving off his warning of a severe recession. With new economic vulnerabilities surfacing regularly – anyone one of which could evolve to a full-out crisis in the event of a recession – sage-haven demand for gold is likely to intensify beyond the already high levels.

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