Is a bottoming signal for gold emerging? Experts say: the prospects of the Federal Reserve's interest rate hikes are limited, making now a good time to build positions.
Robert Mintz, head of investment strategy at Anben Group, stated that the ongoing adjustment in the gold market over the past few months has created an attractive entry point for long-term investors. He pointed out that gold has been able to maintain support around $4,000 per ounce, reflecting the market's strong confidence in its structural bull market. In a recent interview, he mentioned that he expects investors to reduce their focus on the Federal Reserve's hawkish rhetoric and pay more attention to the long-term fundamentals supporting gold, including rising government debt and strong central bank demand. He also added that even if the Federal Reserve wanted to tighten monetary policy, there is an increasing recognition that there are practical limitations to the prospects for interest rate hikes. "We still believe that $4,000 is a good position to rebuild," Mintz said. "The $4,000 price point seems to be a decent support level for gold."
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