--- title: "Fidelity International: Optimistic about gold prospects, gold price can be repurchased after a 5% correction" type: "News" locale: "en" url: "https://longbridge.com/en/news/274767047.md" description: "Fidelity International portfolio manager George Efstathopoulos stated that despite the recent sharp decline in gold prices, he remains optimistic about the outlook for gold and plans to re-enter when gold prices pull back by 5% or 7%. He pointed out that the market bubble has dissipated, and the factors driving gold prices up still exist, including high inflation and a weak dollar. The current spot gold price is $5,066.52 per ounce, down nearly 10% from its historical high" datetime: "2026-02-04T06:40:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274767047.md) - [en](https://longbridge.com/en/news/274767047.md) - [zh-HK](https://longbridge.com/zh-HK/news/274767047.md) --- # Fidelity International: Optimistic about gold prospects, gold price can be repurchased after a 5% correction Fidelity International portfolio manager George Efstathopoulos stated that in the days leading up to the largest drop in gold prices in 40 years, he reduced the proportion of gold in the portfolio from about 5% to about 3%. However, he emphasized that if gold prices were to pull back another 5% or 7%, he would buy back in, as many market bubbles have already dissipated, and the medium-term structural factors are very mature. He believes that gold prices will continue to rise. Efstathopoulos noted that the factors driving gold prices to reach historical highs still exist, such as persistent high inflation and a weak dollar. At the same time, large-scale purchases of gold by central banks and a reduction in investors' investments in U.S. assets are also favorable factors. Today (the 4th), spot gold returned to the $5,000 mark, rising 2.42% to $5,066.52 per ounce, but still down nearly 10% from the historical high of $5,595.47 set on January 29 ### Related Stocks - [GDXY.US](https://longbridge.com/en/quote/GDXY.US.md) - [600489.CN](https://longbridge.com/en/quote/600489.CN.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [07299.HK](https://longbridge.com/en/quote/07299.HK.md) - [AEM.US](https://longbridge.com/en/quote/AEM.US.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md) - [SGDJ.US](https://longbridge.com/en/quote/SGDJ.US.md) - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) - [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md) - [GLTR.US](https://longbridge.com/en/quote/GLTR.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [159562.CN](https://longbridge.com/en/quote/159562.CN.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [DBP.US](https://longbridge.com/en/quote/DBP.US.md) - [600547.CN](https://longbridge.com/en/quote/600547.CN.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [159934.CN](https://longbridge.com/en/quote/159934.CN.md) - [KGC.US](https://longbridge.com/en/quote/KGC.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [000655.CN](https://longbridge.com/en/quote/000655.CN.md) - [GOLD.US](https://longbridge.com/en/quote/GOLD.US.md) ## Related News & Research - [PRECIOUS-Gold falls to 1-1/2-month low on higher US yields, firm dollar](https://longbridge.com/en/news/287016248.md) - [PRECIOUS-Gold steadies after hitting over 1-1/2-month low on robust yields](https://longbridge.com/en/news/286724682.md) - [$1000 Invested In SPDR Gold MiniShares Trust 5 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/286819467.md) - [PRECIOUS-Gold steadies as high Treasury yields offset Mideast peace hopes](https://longbridge.com/en/news/287040685.md) - [PRECIOUS-Gold slips to 1-1/2-month low as Middle East tensions lift oil, cloud rate outlook](https://longbridge.com/en/news/286695654.md)