Gold recovers but UBS warns investors to ‘get out’

Geneva-Switzerland  (Aug 17)  A turbulent week for gold has strategists at odds over the precious metal’s current utility as investors weigh the risks posed by a strengthening US dollar and global recovery with inflation concerns and low bond yields.

The gold price climbed for the fourth consecutive day, rising 0.4 per cent to $US1786.95 an ounce, and clawing back the losses it suffered in last week’s flash crash.

FinancialReview