Gold prices may further go up, but investments are risky: George Soros

NEW DELHI: Mr George Soros, a billionaire financier, has said that gold prices may continue to rise after hitting record highs this week. With economic and fiscal weakness crimping the developed world, Soros said all investments are at risk because this period is of great uncertainty so nothing is safe.

On gold, he said that after asset classes set new highs there are almost always immediate reversals that disappoint investors. Soros' hedge fund, Soros Fund Management LLC, has been heavily invested in gold and gold-mining companies.