Fidelity Fund That Sold Gold Before Crash Is Ready to Buy Again

Fidelity International money manager George Efstathopoulos sold a chunk of his gold holdings days before the precious metal’s biggest slide in four decades. Now he’s getting ready to buy again.

“If we see another 5%, 7% correction, I’m buying up,” Efstathopoulos said in an interview Tuesday. “A lot of the froth has been taken out, and the structural sort of medium-term themes are very much in place” for gold to continue rallying.