Gold Nears Fair Value, Paving Way for Further Gains: WisdomTree's Shah

Nitesh Shah, Head of Commodities and Macroeconomic Research at WisdomTree, believes gold prices have returned close to fair value following a sharp correction this year. He argues that investors have overstated expectations for aggressive Federal Reserve rate hikes, which may not materialize as quickly due to economic constraints and the central bank's balance sheet reduction.