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.


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