Global markets have slipped back into the red after the Dow Jones posted heavy losses on the opening bell, as fears of a double-dip recession intensify.

J.P. Morgan is expecting investor enthusiasm for gold to hold firm and drive the precious metal to $2,500 by the end of this year.

Legal & General Investments' Richard Hodges has fled to cash and trimmed high yield in a move to protect his £1.8bn Dynamic Bond trust against Lehman-like market conditions.

WHY THE MARKET IS OVERSOLD

F&C's Ted Scott said if UK equities dive a further 5% they will be worth stockpiling, despite the risk of a double-dip recession.

J.P. Morgan's Nick Gartside has warned France and the UK are in danger of joining the US in losing their prestigious AAA-credit ratings.

Global stock markets have slipped deeper into negative territory as investors continue to fret about the US downgrade and the eurozone debt crisis.

Investment bank Goldman Sachs has raised its gold price forecast after the commodity smashed the $1,700 barrier this morning to hit a new nominal high.

The decision by Standard and Poor's to downgrade the US' prized AAA-rating for the first time came as no surprise to a number of fund managers.

Henderson TR Pacific manager Andrew Beal backs Asian consumer spending to hit $16trn mark as middle section of society gets richer