Fidelity International has significantly increased its gold holdings, doubling its holdings according to Bloomberg Markets sources. This decision comes amid growing uncertainty regarding the Federal Reserve’s monetary policy direction, with recent FOMC minutes highlighting inflation as a persistent concern. Gold prices are hovering around $4,650 to $4,690 per ounce at multi-month highs, while the federal funds rate remains between 3.50% and 3.75%. Market participants are now closely monitoring upcoming Fed communications and economic indicators that could influence the precious metal’s trajectory.
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