The price of gold has continued its decline, falling below the $1,200 mark on Thursday for the first time since August 2010.
The gold spot price hit a 33-month low today after positive US economic data strengthened the case for a tapering of quantitative easing, further eroding demand for safe havens.
Gold is likely to suffer from further sell-offs in the short to medium term as investors remain focused on an end to quantitative easing, Steve Russell, investment director at Ruffer, has said.
Nitesh Shah, research analyst at ETF Securities, says while the price of gold has dipped recently, other precious metals could provide investors with a good return as economic conditions improve.
Many UK-listed stocks have got off to a flying start in 2013, with indices approaching all-time highs, but some companies have been given a rough ride by markets, destroying shareholders' capital in the process.
Outflows from gold-backed exchange traded funds in 2013 are now greater than the combined level of inflows seen in 2011 and 2012, according to Bloomberg data.
The recent sell-off in gold and silver has led to fears precious metals may yet have further to fall, but some investors have backed them to provide a boost for portfolios later this year as they recover some lost ground.
The Ruffer Investment Company saw NAV hit a record high in April as soaring Japanese equities helped offset exposure to struggling gold miners.
First State Investments’ Angus Tulloch and Jonathan Asante have both been adding to resources stocks in recent weeks across their GEM portfolios, following the sharp pullback in the gold spot price and the valuations of a number of miners.
The recent gold price volatility could plague investors for some time, and further selling is also a risk, according to BlackRock’s natural resources head Evy Hambro.
Markets across the US closed up overnight as the more optimistic mood prevailed, while gold continued to recover from its recent savage fall.
An ultra-bearish US hedge fund manager shorted gold a year ago, when it was still in favour with most investors, and thinks the price of the metal is on track for a multi-year drop.
Goldman Sachs has advised clients to stop shorting gold after the dramatic fall in the price of the precious metal over the last few weeks.
This week commodities dominated the headlines after a hefty sell-off in the gold market; while Schroders moved to replace outgoing manager Richard Buxton with a double hire.
Armstrong IM managing partner Patrick Armstrong has added a new gold derivatives position to his portfolios to capitalise on the precious metal’s escalating price volatility.
Gold has fallen deep into bear market territory after holders of the precious metal dumped it en masse over the past few days, but does this represent a major opportunity for canny investors to buy back in?
Hedge fund supremo John Paulson has reportedly lost almost $1bn of his personal wealth since the end of last week after the price of gold crashed.
Three week the investing public was awarded a brief glimpse into the mysterious world of central banking through events in Cyprus.
In this three-part series, Nick Barisheff, president and CEO of Bullion Management Group Inc., discusses the irreversible trends that will drive gold to $10,000.
The long-term “irreversible” trends I’ve discussed in detail in my upcoming book, $10,000 Gold, continue to develop.
The US' three major equity markets dropped overnight after a bomb blast at the Boston Marathon shook markets and weak data from China continued to weigh on stocks.
Gold’s slide into a bear market has accelerated this morning as prices fell a further 5% to a two-year low of under $1,400.
Gold and resources funds continued to struggle in the first quarter of 2013, as investors remained in risk-on mode and opted for equities over safe havens such as the precious metal.
Cyprus' plan for an unprecedented 10% tax on savers has been dubbed a "monumental error of judgement" by one commentator, but it does leave some assets looking attractive.