Gold, cash, commodities: Jeffrey Gundlach on his portfolio strategy for 2026 amid Iran war jitters, rate uncertainity
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- Jeffrey Gundlach advises investors to keep 20% of their portfolio in cash in 2026, unchanged from his prior guidance.
- Jeffrey Gundlach raises his allocation to hard assets such as commodities to 20% of portfolios, up from his earlier 10‑15% range.
- Jeffrey Gundlach says he will buy gold “with both hands” if it falls below $3,500 per ounce and notes that holding up to 25% of a portfolio in bullion would not be excessive.
- Jeffrey Gundlach is swapping higher‑coupon Treasury bonds for the lowest‑coupon issues of the same maturity to prepare for a possible U.S. debt restructuring that could cut coupon rates.
- U.S. stock indexes have climbed to new records in recent weeks despite the ongoing Iran war and rising oil prices, making equities look expensive.
Why it matters: Investors who shift 20% to cash, 20% to commodities and buy gold under $3,500 can hedge rising inflation and a Fed that likely stays high, while equity‑heavy portfolios risk losing value as oil‑driven price spikes keep stocks overvalued.
