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Business Standard/Puneet Wadwha/8-21-2020
“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.