Fidelity Plans to Rebuild Gold Holdings After Early-Year Reduction

According to Fidelity International, the firm plans to rebuild gold holdings it reduced earlier this year, with timing dependent on market conditions. Ian Samson, the company's multi-asset portfolio manager, stated the plan is to increase positions, noting that gold's long-term fundamentals remain intact. Samson had reduced gold allocations to neutral levels in January and February, when the precious metal's multi-year bull run came to an abrupt end. He expects gold to re-enter a bull market at some point in 2027, supported by continued central bank purchasing.
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