Gold shines brighter as hedge amid Iran tensions and fiscal risks, says Jefferies’ Chris Wood
· Business · Economic Times, Zee News, Hindustan Times
According to Jefferies’ global head of equity strategy Christopher Wood, gold stands as the second-best hedge for investors amid rising geopolitical and fiscal risks stemming from the Iran conflict. While Wood prefers oil and energy stocks as the primary hedge due to ongoing disruptions in energy markets, he expects gold and gold miners to benefit from renewed monetary easing expectations, geopolitical shocks, and fiscal concerns. The Strait of Hormuz remains largely inaccessible to most ships, and the silver crack spread has surged beyond $100 a barrel for the first time, highlighting energy market pressures. For these reasons, Wood has reiterated his bullish view on gold.
Why it matters
Investors are closely monitoring gold as an alternative hedge amidst volatile markets, given its increased value relative to traditional assets in uncertain economic and geopolitical environments.
Read the original report — Economic Times
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