Tumbling commodities prices have hit equity markets this morning, driving the FTSE 100 into the red for a fourth consecutive day.
Russian shares dropped to a five-year low yesterday, weighing on global markets, while the gold price jumped as the Ukraine crisis intensified.
The gold price has rebounded off lows seen at the end of last year, having endured one of its worst ever years in performance terms, but is the rally about to run out of steam?
Asset under management in gold exchange-traded products (ETP) almost halved during 2013 as gold prices dived, driving investors out of the asset class.
Gold is on course to record its worst year for more than three decades following huge falls over 2013.
The gold price has suffered its largest fall in 30 years in 2013 as the US Federal Reserve begins withdrawing stimulus - but is that process now fully in the price?
Duncan Goodwin, manager of the Martin Currie Global Resources fund, is to leave the firm at the end of the year.
Ewout van Schaick, head of multi-asset strategies at ING Investment Management, has opened a position in commodities across his portfolios for the first time in a year.