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

According to a report by Golden Finance, Fidelity International stated that by the end of next year, as the Federal Reserve lowers interest rates to buffer the US economy, the depreciation of the US dollar, and central banks continue to expand their gold holdings, gold prices may reach $4000 per ounce. Ian Samson, a cross asset fund manager, remains bullish on gold, as some of his cross asset investment portfolios have recently increased their holdings in gold. Samson stated that the reason for doing so is that we see a more moderate and clear path from the Federal Reserve. Another reason is that August is usually when the market is slightly weak, so it makes sense to diversify more investments.