Jefferies' Wood Sees Gold Heading Toward $10,000
Jefferies' Christopher Wood says gold could reach $10,000 over the long term, citing US fiscal pressures and rising Indian gold lending. He advises buying on dips toward $3,800-$4,000.
Gold Market
Jefferies' Christopher Wood says gold could reach $10,000 over the long term, citing US fiscal pressures and rising Indian gold lending. He advises buying on dips toward $3,800-$4,000.
Jefferies' Christopher Wood highlights a sharp divergence: the S&P 500 has doubled in dollar terms since early 2023 but fallen 21% relative to gold. He warns bond yield suppression could weaken the dollar.