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flag Jefferies forecasts gold could hit $6,600 an ounce if the current bull market continues, based on historical U.S. income ratios.

flag Jefferies predicts gold could reach a record $6,600 per ounce if the current bull market continues, based on historical comparisons to U.S. disposable income per capita. flag With gold currently at $3,670—5.6% of the $66,100 average income—the firm calculates that matching the 9.9% ratio seen in January 1980 would require a price of about $6,571. flag The $6,600 target reflects a reasonable peak for the ongoing secular bull market, though the analysis focuses on U.S. data and may not account for global demand or modern financial instruments.

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