Fidelity International Fund Doubles Gold Stake as Fed Policy Uncertainty Grows

BitcoinWorld Fidelity International Fund Doubles Gold Stake as Fed Policy Uncertainty Grows Fidelity International, one of the world’s largest asset managers, has significantly increased its exposure to gold in one of its funds, according to a recent Bloomberg report.

The move comes as investors reassess the stability of long-term U.S. Treasuries and grow wary of the Federal Reserve’s policy direction.

Fund Manager Confirms Doubling of Gold Position George Efstathopoulos, the portfolio manager overseeing the fund, confirmed that the gold position was doubled over the past three weeks.

The adjustment follows the Federal Reserve’s July meeting, where the central bank maintained its benchmark interest rate while signaling a cautious approach to future cuts.