Veteran investor, Jim Rogers, plumps for dollar over gold haven

While analysts and traders from New York to London bet that gold will go higher, veteran investor Jim Rogers would rather seek haven in the dollar as the UK’s vote to leave the EU roils global markets.

Prices of bullion are due for a drop and will probably be lower at the end of the year from current levels, Mr Rogers said in an interview, adding he would buy the metal again once it declines enough.

That view is at odds with the median of 12 forecasts in a survey that predicts a gain of more than 7% for gold from where it’s trading now.