Gold could hit $4,000 an ounce by the end of next year as the Federal Reserve lowers interest rates to cushion the US economy, the dollar drops, and central banks keep expanding holdings, according to Fidelity International. Multi-asset fund manager Ian Samson said the firm remained bullish on the precious metal, with some cross-asset portfolios recently increasing holdings as prices eased from an all-time high above $3,500 an ounce in April. “The rationale for that was that we saw a clearer path to a more dovish Federal Reserve,” Samson said in an interview, adding that some funds had as much as doubled their 5% ... (full story)