GOLD - Greenlight's David Einhorn Is Loading Up On Gold As A Hedge Against Something 'Not So Good Happening' | Benzinga
Greenlight Capital’s David Einhorn is betting on gold as a hedge against inflation.
What To Know: In an interview Wednesday from the 2024 Sohn Investment Conference aired on CNBC’s “Power Lunch,” Einhorn argued that inflation is no longer going down.
"I think inflation is reaccelerating. I think there's a lot of indication of that," Einhorn said.
The billionaire investor told CNBC that he expects the Federal Reserve to cut rates fewer times this year than the market is anticipating. The consensus is that there will be three rate cuts in 2024, but Einhorn indicated that there might not be any cuts at all.
The longer the Fed maintains its aggressive monetary policy stance, the ...