Mobius Shuns Record-Breaking Gold on Risk of Dollar Rebound

Veteran investor Mark Mobius said gold has become unattractive after its historic rally, warning that a potential rebound in the dollar could undercut precious metals at a time when much of the market remains firmly bullish.

“I will not pick it up at this level, that’s for sure,” Mobius, managing director of Mobius Emerging Opportunities Fund, said in a Bloomberg Television interview on Friday, adding he would consider the metal if prices were 20% lower than today’s.