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Why Bond King Jeff Gundlach says record-setting gold is poised for another 20% rally

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"Bond King" Jeff Gundlach says investors are treating gold like a true asset class rather than a safe haven.

The price of bullion is up 25% year-to-date , according to the DoubleLine Capital CEO.

He predicts that the price of the precious metal could climb as high as $4,000 per ounce, a gain of 20% from Friday 's price of $ 3,345 .