Jefferies strategist Christopher Wood has renewed his bullish stance on gold, advising investors to buy the precious metal and related mining stocks after a period of significant volatility.
Wood argues that the recent price correction presents a strategic entry point, anticipating that the next upward move could surpass the record highs established earlier this year.
The call comes as gold prices have shown signs of stabilizing following a sharp dip earlier in the week.
The metal had surged to unprecedented levels before facing a pullback as investors reassessed risk exposures.
Wood’s commentary suggests that the underlying drivers for a bull market remain intact, despite the short-term turbulence.
Recent market data supports a tentative recovery in the sector.