Some of the world's top asset management institutions have re-increased their gold holdings after gold prices have declined, and they are betting that the long-term support factors for precious metals will continue. Fund managers from institutions such as Allianz, Patek Asset Management, and Fidelity International increased their gold positions that had been reduced earlier this year while gold was falling from an all-time high. The fund's net long positions have climbed to the highest level since this year, reflecting investors' renewed interest in gold and viewing gold as a hedging tool within their portfolios.

Some of the world's top asset management institutions have re-increased their gold holdings after gold prices have declined, and they are betting that the long-term support factors for precious metals will continue. Fund managers from institutions such as Allianz, Patek Asset Management, and Fidelity International increased their gold positions that had been reduced earlier this year while gold was falling from an all-time high. The fund's net long positions have climbed to the highest level since this year, reflecting investors' renewed interest in gold and viewing gold as a hedging tool within their portfolios.