Fidelity International Plans to Rebuild Gold Holdings, Sees Long-Term Bullish Logic Intact

Odaily Planet Daily News Fidelity International, an asset management company, stated that it plans to rebuild its gold holdings, which were trimmed earlier this year, at an appropriate time in the future, believing that the long-term momentum for gold remains strong. Ian Samson, a multi-asset portfolio manager at Fidelity International, recently said: "We plan to increase our gold holdings again; the question is just one of timing."

He said that he reduced the gold allocation to a neutral level between January and February this year, when gold's multi-year bull run suddenly ended. Samson predicts that the gold market will re-enter a bull market sometime in 2027. Only if "governments re-embrace fiscal discipline and central banks truly commit to pushing inflation back down" would the logic for a return to a bull market be undermined, "but I think we are not in that kind of world right now."

Samson also stated that continued gold purchases by central banks (a key driver of the previous gold bull market) will continue to support gold prices. (Jin Shi)