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.
It has been an uncomfortable summer for investors as the credit crisis from 2008 continues to plague markets, this time in the guise of a sovereign debt crisis. But how have markets really coped?
JPM's Neil Gregson has called the bottom of the market for gold mining stocks, especially small caps, tipping them to pick up against bullion as investors look to add risk to their portfolios.
Argonaut Capital's Barry Norris is taking positions in Swiss property and increasing exposure to gold miners within his funds, claiming more QE is almost inevitable.
Gold prices took a nose dive overnight as investors u-turned on risk assets ahead of an expected round of further stimulus in the US, leaving the price more than $160 lower.
Gold soared above $1,900 for the first time overnight as investors continue to flock to the precious metal amid ongoing turmoil in financial markets.
Walker Crips managers Steve Bailey and Jan Luthman have cut exposure to gold ETFs by 20% deeming it a ‘crowded trade'.
US markets have opened lower as investors take a dim view of Hewlett Packard's latest acquisition and send its shares down 20%.