As the precious metal lost 15% of its value, Philip Gibbs jettisons almost all gold holdings from the Jupiter Absolute Return fund through ETF sale.
Philip Gibbs effectively sold out of his gold positions within the Jupiter Absolute Return fund in September, a month which saw the precious metal lose 15% of its value.
Bailing out the banks is not a solution to the debt crisis, and eurozone leaders should let troubled banks fail, said investment veteran Jim Rogers.
Angelos Damaskos, manager of the £40m Junior Gold fund and CEO of Sector Investment Managers, picks five gold miners best placed to benefit from the upswing in commodity prices.
Troy Asset Management's Sebastian Lyon continues to back gold despite a sharp correction in the asset class in September.
Investors are selling off gold because of fears interest rates will have to rise higher than expected, Barclays Wealth's Kevin Gardinier has said.
Jupiter's Merlin multi-manager team has said yields on 10-year UK and US government debt could fall well below existing record lows if markets continue to price in a Japan-style economic outlook.
Gold lost as much as 2.5% this morning as investors fled to the dollar following the Fed's latest stimulus measures.
Markets have continued to move higher following a co-ordinated effort by the world's central banks to inject liquidity into the banking system.