Soros brands gold 'the ultimate bubble' - papers

Mr Soros, arguably the most famous hedge fund manager in history, warned that with interest rates low around the world, policymakers were risking generating new bubbles which could cause crashes in the future," the Telegraph writes. In comments delivered on the fringe of the World Economic Forum, Mr Soros said: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold." Gold prices last month reached a record level of just over $1,225 per ounce, having risen around 40pc last year. Investors ar...