Commodities  

Investors warned against gold rush as price rockets

He said: “Investors should be prepared for the possibility of some sort of correction in the gold price...but such things are not guaranteed and waiting for a correction before investing could mean you miss out on owning gold.

“The precious metal has performed because investors are concerned about several issues that could play out over the medium and longer term.

“These are a combination of a weaker economic recovery and or deeper recession than is currently being forecast, a weaker US dollar and the return of inflation both as a result of the extremely high levels of monetary and fiscal stimulus being pumped into the markets.”

imogen.tew@ft.com

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