Fidelity Doubles Down on Gold Amid Fed Policy Uncertainty

Fidelity International has doubled its gold holdings in response to growing uncertainty over Federal Reserve policy direction.

The asset manager's decision reflects a broader unease about where U.S. interest rates and inflation are heading next, rather than a simple bet on a rising chart.

A large institutional shift like this one tends to ripple through market sentiment, reinforcing the idea that gold is being treated less as a speculative trade and more as a hedge against policy missteps.

Gold prices are hovering near multi-month highs, trading between $4,650 and $4,690 per ounce across spot and futures markets.