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.

Gold Rally Overextended?

However, Gross suggested that the gold rally appears overextended, with prices dropping over 2% on Friday after reaching a record high. “Gold has become a momentum/meme asset. If you want to own it, wait awhile,” Gross said in a post on X.