He said demand for bullion continues to broaden, led by central banks that have been adding to their reserves alongside growing private-sector interest.

He said demand for bullion continues to broaden, led by central banks that have been adding to their reserves alongside growing private-sector interest.

Despite gold's recent pullback from record highs, Jefferies' Chris Wood and billionaire investor John Paulson believe the long-term bull market is only beginning. They cite…