Can Gold Sustain Its Spike? Raymond James’ Michael Dehal on the Outlook

Bullish Gator

Raymond James senior PM Michael Dehal discusses whether gold’s recent surge can hold and implications for investors and markets.

Editorial companion

What stands out

Michael Dehal, a senior portfolio manager at Raymond James, appeared on BNN Bloomberg to ask whether gold can sustain its spike. That is more than a metal story, gold rallies are shorthand for rising geopolitical risk, sticky inflation expectations, and wobbling bond markets, themes echoed in recent coverage about a Saudi pipeline shutdown and Iran-related price shocks. Raymond James' positioning matters because wealth-management flows amplify market moves, and the firm has shown roughly 12% year-over-year growth in both revenue and net income, so its asset-allocation posture can sway client behavior.