Fidelity Doubles Down on Gold Amid Fed Policy Uncertainty

Fidelity International has quietly doubled its gold holdings as concerns mount over where the Federal Reserve is steering monetary policy next.

The timing of this move is hard to ignore, with bullion trading near multi-month highs and one of the world's largest money managers leaning harder into gold.

This says as much about institutional nerves as it does about the metal itself, according to Bloomberg Markets.

Fidelity's decision to double down on gold reflects a broader unease about where U.S. interest rates and inflation are heading next, rather than a simple bet on a rising chart.

The expansion of Fidelity's gold holdings lines up closely with the tone struck in the most recent FOMC minutes, which highlighted inflation as a persistent and unresolved problem.