Commodities

Gold has hit fresh high upon fresh high in recent weeks as investors flee rollercoaster markets in search of a ‘safe haven.'

President Barack Obama has announced a deal to end the US debt crisis, which will raise the nation's debt ceiling by at least $2.1trn and cut the federal deficit by as much as $2.5trn over a decade.

Q&A - US DEBT CRISIS

T1ps Investment Management (TIM) is set to launch the Elite t1ps India Fund, an equities-focused unit trust, on 1 August.

FIVE OF THE BEST

Crude oil advanced for a fourth day on signs Europe and US will contain their debt crises, easing speculation demand for raw materials will suffer, Bloomberg reports.

Release of emergency oil reserves has compounded fragility of commodities markets.

Angelos Damaskos, manager of the £54m Junior Oils Trust, has bucked the trend to move defensive over the summer by increasing his equity exposure by 20%.

BHP BUY COULD DRIVE M&A

Gold hit a further record high yesterday afternoon as Ben Bernanke said the Federal Reserve was prepared for QE3 while increasing risk of contagion in the eurozone worried investors.