The price of gold has fallen through $1,600 for the first time in six months as investors continue to pile into risk assets such as equities.
Oil prices dropped yesterday as economic data from China and Europe renewed concerns about a slowdown in global demand.
The gold spot price rose to its highest level this year yesterday as global equity markets started the quarter with strong rises.
Jupiter chief investment officer John Chatfeild-Roberts has outlined the shape of his Merlin Conservative portfolio, which will launch later this month, marking the fifth edition to his £7bn strong fund of funds range.
Gold has climbed to its highest level in more than five months as speculation the next round of quantitative easing (QE) in the US is just weeks away pushed the precious metal higher.
Gold has lost a fifth of it value since its peak last year as investors move into cash as fears over the eurozone crisis intensify.