Fidelity International: Gold prices are expected to reach $4000/ounce next year.

[Fidelity International: Gold prices may reach $4000/ounce next year] Fidelity International stated that by the end of next year, as the Fed will drop interest rates to cushion the U.S. economy, the dollar depreciates, and various Central Banks continue to expand their gold holdings, gold prices may touch $4000/ounce. Multi-asset fund manager Ian Samson remains bullish on gold, and some of his multi-asset portfolios have recently increased their holdings in gold. Samson stated that the reason for this is that we have seen a more dovish and clearer path from the Fed. Another reason is that August is typically a time when the market is somewhat weaker, so it makes sense to diversify more.