TechFlow, July 29 — According to Zhitong Finance News, Fidelity International stated that by the end of next year, gold prices could reach $4,000 per ounce as the Federal Reserve cuts interest rates to cushion the U.S. economy, the dollar weakens, and central banks continue expanding their gold holdings. Cross-asset fund manager Ian Samson remains bullish on gold, and some of his cross-asset portfolios have recently increased their gold positions. Samson said the rationale is that we are seeing a clearer path toward a more dovish Federal Reserve. Another reason is that August is typically a slightly weaker period for markets, making further diversification sensible.
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