Gold price outlook, July 28 -- After one of the most volatile years in its history, gold is once again back in focus. The precious metal surged to record highs earlier this year before suffering a sharp correction as investors reassessed the outlook for inflation, interest rates and geopolitical risks.

While many traders remain cautious after the recent decline, Jefferies' Global Head of Equity Strategy Christopher Wood believes the pullback presents an opportunity rather than a warning sign.

Wood argues that investors should begin rebuilding exposure to both gold and gold mining stocks, suggesting that the recent weakness could mark a pause in a much larger structural bull market. His latest comments come as markets grapple with uncert...