08 Nov 2025 | 5 Mins Read
Jefferies sees room to buy gold on price correction
Flipitmoney
Christopher Wood, Jefferies' Global Head of Equity Strategy, recommends accumulating gold as prices tend to taper, citing the bullion's 200-day moving average being 23% below its peak. With current gold prices at $4,009.80 per ounce, a further 16% decline would reach the moving average level. Central banks' gold reserves surpass US Treasury securities' value for the first time.