Gold a “Victim of Its Own Success”

In light of this mornings sell-off in gold, coupled with last weeks substantial
decline, UBS analyst Edel Tully explained her reasoning for the yellow metals
weakness in a note to clients. Gold is one of the few assets that remains in
positive territory this year, in a sense it is one of the last assets standing,
and because of this as investors head for cash they sell the assets that have
performed, Tully wrote. Essentially gold is a victim of its own success as
liquidity trumps. Nic Brown, a