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George Efstatopoulos, portfolio manager at Fidelity International, stated that the gold holdings of its managed funds have doubled in the past three weeks and the gold allocation ratio has been increased to the 5% limit. George Efstatopoulos stated that the uncertainty of Federal Reserve policy and the decline in the safe haven status of the US dollar are the reasons for increasing holdings of gold. If the safe haven status of the US dollar continues to decline, he will consider raising the allocation ceiling. George Efstatopoulos believes that the US Treasury Department's increased efforts to repurchase long-term bonds are manipulating yields, and the current focus of gold is on the reasons for the rise in yields.