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
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Jefferies warns of structural bear market in US bonds, backs gold
Jefferies warns that sustained upward pressure on US Treasury yields could create a difficult backdrop for equities, particularly REITs. It stays bullish on gold and gold miners as a hedge against dollar debasement.
S&P 500 doubled in dollars but fell 21% in gold terms, says Jefferies
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.