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Fidelity Doubles Gold Holdings on Fed Uncertainty

Bloomberg Markets •
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Fidelity International Ltd. has doubled its fund’s gold holdings to a self-imposed limit of 5% in the past three weeks, driven by growing uncertainty over U.S. Federal Reserve policy. Portfolio manager [PERSON_NAME] cited the decline of the safe‑haven [ADDRESS] dollar as a key factor and signaled a possible ceiling increase if the trend continues. The recent accumulation followed an investor retreat from long‑dated Treasury bonds after the Fed’s July meeting, highlighting a shift toward bullion amid heightened market volatility.