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Jefferies warns gold after frenzy buying as retail demand cools into consolidation phase
Economy
Published on 24 April 2026
Retail buying surged across India China and US
Jefferies says gold has moved into a consolidation phase after a strong retail-led buying surge that peaked late last year and continued into early this year. The report points to broad demand across major markets including India, China, and the United States, suggesting the recent rally may be pausing rather than accelerating.
- Jefferies calls gold’s current phase consolidation
- Retail-driven buying fueled late last year to early this year surge
- Demand appears broad across India China and the US
- Near-term action may slow after the buying frenzy
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times