19 Sep 2025 | 5 Mins Read
Jefferies says gold price target of $6,600 is reasonable
Flipitmoney
Jefferies' global head of equity strategy Chris Wood believes $6,600 an ounce is a fair gold price, mirroring the 1980 peak. He cited a comparison to US per capita disposable income, suggesting gold needs to reach $6,571 or surpass $6,600 for the same relative value as 1980. This aligns with his 40% gold bullion allocation in a model US pension fund since 2002.