US EditionFidelity Says $4,000 Gold Possible as Fed Cuts and Dollar Drops
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7 Articles
Fidelity Says $4,000 Gold Possible as Fed Cuts and Dollar Drops
Gold could hit $4,000 an ounce by the end of next year as the Federal Reserve cuts rates to cushion the US economy, the dollar drops, and central banks keep adding holdings, according to Fidelity International.
Fidelity says $4 000 gold possible as Fed cuts and dollar drops
Gold could hit $4 000/oz by the end of next year as the Federal Reserve lowers interest rates to cushion the US economy, the dollar drops, and central banks keep expanding holdings, according to Fidelity International. Multi-asset fund manager Ian Samson said the firm remained bullish on the precious metal, with some cross-asset portfolios recently increasing holdings as prices eased from an all-time high above $3 500/oz in April.
According to Fidelity, the gold price could reach 4,000 dollars by the end of next year. Reasons: Central Bank purchases, Fed interest rates, Dollar. The post gold price to 4,000 dollars by the end of 2026 – Fund giant mentions two reasons appeared first on financial marketwelt.de.
Gold prices are predicted to reach US$4,000 per troy ounce by 2026 if the Fed cuts interest rates, supported by a weakening dollar and gold accumulation by central banks.
Gold prices could reach $4,000 an ounce by the end of next year, Fidelity International said, buoyed by the prospect of the Federal Reserve cutting interest rates to support the economy, a weaker dollar and rising gold holdings by central banks.
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