Photo by Emma Allen. Meighan Taylor, right, 12, helps her cousin, Julee Pillans, 11, to pan for gold in the Wakamarina River. www.stuff.co.nz.
The gold price has fallen to a six month low - $1,592 an ounce - 20 February 2013.
Gold investors are destined for heavy losses in the short-term, according to fund manager Mark Harris.
The gold price has fallen to a six month low - $1,592 an ounce - 20 February 2013.
Gold investors are destined for heavy losses in the short-term, according to fund manager Mark Harris.
Investors would be unwise to buy gold until its price drops to $1,500, says Harris
With sentiment towards global equity markets improving, and inflation staying at relatively low levels, Harris says gold is likely to be an out-of-favour asset for quite some time.
Angelos Damaskos, manager of the £16.1m MFM Junior Gold fund, says the gold price has been in decline because of the improving macroeconomic outlook.
However, he expects an inevitable correction will "spook the market, encouraging investors to turn to gold as the ultimate safe haven".
However, he expects an inevitable correction will "spook the market, encouraging investors to turn to gold as the ultimate safe haven".
The rising cost of holidays has helped Thomas Cook and TUI lessen losses -This is Money-7 Feb 2013
Thomas Cook has reduced its supply of holidays and pushed up prices by 12 per cent over the winter and 3 per cent for the summer.
Its bookings for the summer are down 5 per cent.
TUI Travel is continuing to take market share from Thomas Cook, whose turnaround task remains 'very difficult'.
Thomas Cook has trimmed its operating loss 24 per cent to £70million in the three months to December 31.
Read more: http://www.thisismoney.co.uk/