Robert Minter, head of investment strategy at Aberdeen Group, said that months of adjustments in the gold market have created an attractive entry point for long-term investors. He pointed out that the ability of gold to maintain support around 4,000 US dollars/ounce reflects the market's confidence that its structural bull market is still stable. In response to the latest statement, he expects investors to pay less attention to the Federal Reserve's hawkish rhetoric and pay more attention to the long-term fundamentals underpinning gold, including rising government debt and strong central bank demand. He also added that even if the Federal Reserve wants to tighten monetary policy, people are increasingly aware that the prospects for raising interest rates are actually limited. “We still think $4,000 is a good location to re-open positions,” Minter said. “The $4,000 price seems like a good support level for gold.”

Robert Minter, head of investment strategy at Aberdeen Group, said that months of adjustments in the gold market have created an attractive entry point for long-term investors. He pointed out that the ability of gold to maintain support around 4,000 US dollars/ounce reflects the market's confidence that its structural bull market is still stable. In response to the latest statement, he expects investors to pay less attention to the Federal Reserve's hawkish rhetoric and pay more attention to the long-term fundamentals underpinning gold, including rising government debt and strong central bank demand. He also added that even if the Federal Reserve wants to tighten monetary policy, people are increasingly aware that the prospects for raising interest rates are actually limited. “We still think $4,000 is a good location to re-open positions,” Minter said. “The $4,000 price seems like a good support level for gold.”