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2025-07-29 08:59:55
[Fidelity International: Gold prices may rise to $4,000 due to future Fed rate cuts and a falling dollar] Fidelity International said that with the Federal Reserve's future rate cuts to support the U.S. economy, the decline of the U.S. dollar, and the continued increase in central banks' holdings, gold prices may reach $4,000 an ounce by the end of next year. Multi-asset fund manager Ian Samson said the company remains bullish on gold, and some cross-asset portfolios have recently increased their holdings as gold prices have retreated from all-time highs above $3,500 an ounce in April. "The reason for this forecast is that we see a clearer and more dovish Federal Reserve path," Samson said, adding that some funds have up to doubled their 5% allocations over the past year. He also said another reason is that August is typically a period of slightly weaker markets, so increased diversification "makes sense."
