Dalio Urges 5-15% Gold Allocation as Iran War Hits Ninth Week

Hedge-fund founder Ray Dalio urged investors to hold 5%–15% of portfolios in gold amid the Iran war’s ninth week, citing geopolitical uncertainty, Strait of Hormuz disruptions (20% of pre-war seaborne oil), and dollar shifts. Gold is up 8% year-to-date, oil has surged 70% this year, the ICE Dollar Index hit a four-year low, and the S&P 500 gained 4% since the war began. Earlier comments today reiterated gold's role as a reserve asset and hedge against stagflation and energy volatility, signaling potential investor rotation into bullion.