Increasing tensions between the West and Iran have helped push Brent crude to an eight-month high of $121 a barrel, leaving many concerned over the longer-term impact.
Demand for gold ETFs fell to a seven-year low in 2011 even as overall investment demand for gold hit a 14-year high, according to the World Gold Council.
BHP Billiton, the world's largest miner, said a deterioration in demand for commodities contributed to a 5.5% slide in half-year profits to $9.94bn (£6.25bn).
Glencore and Xstrata are in advanced talks about a $80bn merger that could reshape the mining industry.
Last year was a "long and torturous" one for investors, but there is now deep value in the heavily sold-off resources sectors, said J.P. Morgan's Neil Gregson.
John Dodd and Richard Hulf, managers of the £84m Artemis Global Energy fund, are reducing exposure to eurozone-domiciled assets as they refine their approach to stock selection.
Dalton Strategic Partners fund manager Jenifer Rush adopts adventurous investment style to find ideas within the commodities sector.
Investment veteran Jim Rogers has branded US treasuries as the one of the last remaining asset bubbles left in the world.