The speaker explicitly stated, "at this level, it makes sense to buy gold," referring to its ~10% pullback, and that it is "still a very good hedge." The recent sell-off was partly a liquidation event where investors sold profitable assets like gold for cash. The fundamental case for gold remains intact due to expected Fed rate cuts and a weaker dollar. Gold is attractive after its correction and is recommended as a portfolio hedge against ongoing geopolitical and monetary policy uncertainty. The Fed delays rate cuts more persistently than expected, supporting the U.S. dollar and reducing gold's appeal.