Gold Holds Value at $4,000 as Investors Look Past Fed Hawkishness

Robert Minter of abrdn noted investors are shifting focus to long-term drivers such as debt and central-bank demand. After the Fed held rates steady despite three votes for a hike, the dollar weakened. Jeff Sarti of Morton Wealth believes rates will not rise much further, while Carsten Fritsch of Commerzbank cautioned that September hike expectations could cap gains. Key releases include ISM Manufacturing PMI on Monday and Nonfarm Payrolls on Friday.