Gundlach dials up his warning of a US recession

MarketInsider/Zahra Tayeb/6-7-2023

“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.