[Fidelity International Plans to Rebuild Gold Holdings, Believes Long-Term Bullish Logic Remains Unchanged] Odaily Planet Daily News – Asset management company Fidelity International stated that it plans to rebuild the gold positions it reduced earlier this year at an appropriate time in the future, believing that gold's long-term growth momentum remains strong. Ian Samson, Fidelity International's multi-asset portfolio manager, recently said: 'We plan to rebuild our gold holdings; the only question is timing.' He noted that he reduced gold allocations to a neutral level between January and February this year, during the abrupt end of gold's multi-year bull market. Samson predicts that the gold market will re-enter a bull phase sometime around 2027. The logic for a return to a bull market would only be disrupted if 'governments worldwide re-adopt fiscal discipline and central banks genuinely commit to bringing inflation back down,' but he added, 'I don't think we are currently in such a world.' Samson also mentioned that central banks' continued gold purchases (a key driver of the previous gold bull market) will continue to support gold prices. (Jin10)