Jefferies’ Chris Wood sees gold price trebling from current levels to $5,500/ounce

Business Standard/Puneet Wadwha

Graphic image of bull, black and white“Christopher Wood, global head (equity strategy) at Jefferies has become even more bullish on gold and now expects the yellow metal to hit $5,500 per ounce (oz) going ahead – a rise of over 180 percent from the current levels, and up 31 percent from his forecast of $4,200/oz made earlier in 2020.”

USAGOLD note:  Wood sees his forecast as a “reasonable target at the peak of the current secular bull market” – a number he derives as a percentage of disposable income per capita.

Repost from 8-22-2020

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