Ray Dalio believes gold deserves a significant portion of one's portfolio, saying the precious metal is still appealing even at record highs.
@GC.1 YTD mountain Gold futures "If you were neutral, gold is an under-owned, relatively attractive asset right near its highs in the market," he said.
Lower rates typically benefit the non-interest bearing precious metal.
Gold futures advanced 1.5% to $2,465.30, topping the previous high of $2,454.20 reached May 20.
The futures rose as high as $2,467.30 an ounce on the session.
Persons:
Ray Dalio, Dalio
Organizations:
Bridgewater Associates