In a turbulent financial market, gold's shine has caught the eyes of famed investors, including Bill Gross, George Soros, Stanley Druckenmiller and Jeffrey Gundlach.
Last week, in a note, Gross said real assets such as gold, land and tangible plant and equipment at a discount are "favored asset categories."
DoubleLine Capital's CEO, Gundlach, expects gold could rise as high as $1,400 an ounce, while billionaire investor Soros has bought gold and shares in gold miners, according to The Wall Street Journal.
The precious metal was trading near a two-year high last week, closing at $1,360.80 an ounce on Thursday.
On Friday, however, gold prices took a dent after a stronger-than-expected jobs report underpinned economic sentiment and boosted expectations for an interest rate hike from the U.S. Federal Reserve.
For this week's Trader Poll, tell us if you would go for gold.