Fidelity International plans to resume increasing its gold holdings, stating that its long-term bullish thesis for gold remains unchanged.
2026.07.16 13:03:30
Asset management firm Fidelity International said it plans to rebuild its gold positions trimmed earlier this year, noting that gold’s long-term growth drivers remain strong. Fidelity’s multi-asset portfolio manager Ian Samson recently stated: “Our plan is to add to gold positions again; the only question is timing.” He added that he cut his gold allocation to a neutral level between January and February this year, a period when gold’s multi-year bull market abruptly ended. Samson forecasts the gold market will re-enter a bull market at some point in 2027. The logic behind a return to a bull market would only be undermined if “governments return to fiscal discipline and central banks are truly committed to bringing inflation back down,” he said, adding: “But I don’t think we are in that world right now.” Samson also noted that central banks’ continued gold purchases—a key driver of the previous gold bull market—will continue to underpin gold prices. (Source: Jin10)
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