Fidelity International: Gold Prices Expected to Reach $4,000 per Ounce Next Year

According to a report by Jinse Finance, Fidelity International has stated that by the end of next year, as the Federal Reserve is expected to lower interest rates to cushion the U.S. economy, the U.S. dollar depreciates, and central banks around the world continue to increase their gold reserves, the price of gold could reach $4,000 per ounce. Cross-asset fund manager Ian Samson remains optimistic about gold, with some of his cross-asset portfolios recently increasing their gold holdings. Samson explained that the rationale behind this move is the expectation of a more dovish and clearer path from the Federal Reserve. Another reason is that August is typically a slightly weaker period for the market, so further diversification makes sense.