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Fidelity Sees Gold Rising to $4,000 as Fed Eases and Dollar Weakens

Fidelity International predicts gold could reach $4,000 an ounce by the end of next year.

This forecast is based on expectations that the Federal Reserve will cut interest rates to support the US economy, the US dollar will weaken, and central banks will continue buying gold.

Despite some recent price softness, gold has gained over 25% this year due to global uncertainties like trade tensions and conflicts. Fidelity’s outlook aligns with Goldman Sachs but contrasts with more cautious views from banks like Citigroup.

Original Source: Yahoo Finance

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