Markets: Gold defies Soros and Paulson

Gold continues to rise even after two of the world's best investors switch their bets away from the yellow metal.

George Soros and John Paulson aren’t often wrong when they bet on a commodity or a security. This time they may be. After news broke last week both men slashed their investment in gold exchange traded fund SPDR Gold Trust, spot gold has continued to rally.

Since August 6 spot gold is up 7.5 per cent. At 0818 AEST it was trading at $US1379.36.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles