New Delhi, Nov. 8 -- Christopher Wood, Jefferies' Global Head of Equity Strategy, has indicated that accumulating gold would be a good idea if the prices tend to taper a bit, with the rationale that the bullion's 200-day moving average is currently about 23 per cent below the peak.

At the time of filing this report, gold futures were trading at USD 4,009.80 per ounce, according to publicly available market data.

Wood, in his popular weekly report 'GREED & fear', noted that he views the current 200-day moving average and hopes of further decline in gold prices as "a good level to accumulate more gold."

"Meanwhile, with the 200-day moving average currently at US$3,371/oz or 23.1% below the peak, this, in GREED & fear's view, is a good le...