Billionaire hedge fund manager John Paulson said on July 22, 2026, that gold is in the early stages of a long-term bull market. Speaking at a conference in New York, Paulson cited persistent inflation and geopolitical tensions as key drivers for the precious metal's rally.
Paulson, known for his successful bet against subprime mortgages in 2008, noted that central banks continue to buy gold, supporting prices. He predicted gold could reach $3,000 per ounce within the next two years, though he did not provide a specific timeline.
The comments come as gold prices have risen over 20% in 2026, trading near $2,450 per ounce on July 23. Paulson's firm, Paulson & Co., holds significant positions in gold mining stocks and bullion.
