Gold looks set to suffer its biggest drop in price since 2013 amid intense speculation that the US is poised to raise interest rates.
Investor sentiment fell to its lowest level since May 2013 in September, a Lloyds Private Bank survey has revealed, on the back of growing concerns over China.
The head of Investec Asset Management's value team, Alastair Mundy, is holding on to his out of favour gold positions on expectations of an upcoming bear market.
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David Jane, founder of Darwin Investment Managers, has bought back into gold and gold miners, in the view the asset bottomed at the end of last year.
Russian shares dropped to a five-year low yesterday, weighing on global markets, while the gold price jumped as the Ukraine crisis intensified.
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