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Benzinga
Benzinga
Business
Rounak Jain

Bond King Bill Gross Says Gold Has Now Become A 'Momentum/Meme Asset:' 'If You Want To Own It…'

Bill Gross Gold Ray Dalio
Gold’s ‘Unbelievable’ Run-Up Is Concerning

Legendary bond investor Bill Gross has advised caution regarding gold investments, despite its recent surge.

Gold prices have been on a searing rally in 2025 so far and have doubled since early 2024, soaring more than 56% year-to-date, rising from $2,712 per troy ounce at the beginning of 2025 to $4,249 on Saturday.

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