Stephen Foley, the FT’s markets correspondent, says a number of forces have combined to sour the outlook for the precious metal, and none of them seem likely to abate any time soon.

A suggestion by Dutch finance minister Jeroen Dijsselbloem that the Cyprus deal could mean depositors at troubled banks elsewhere in the eurozone also suffering has pushed banks back into bear territory. James Mackintosh, investment editor, warns of the risk of a vicious downward spiral unless Europe and the European Central Bank can reflate peripheral economies.

The S&P 500 is gnawing at an all-time high. Bond proxy stocks are driving the rally and James Mackintosh, investment editor, warns that as companies opt for share buy-backs rather than reinvesting, future profits and investors will be the poorer.

The European Central Bank – like the Bank of England – has decided against an immediate further loosening of monetary policy, but Mario Draghi, president, says some ECB policymakers favour cutting interest rates. Ralph Atkins, the FT’s capital markets editor, argues that with small businesses in the eurozone’s south facing a severe credit crunch and the stronger euro hitting eurozone exports, further action from the ECB may soon prove inevitable.

An investor appeared to make sensible decisions with her family’s savings – avoiding her home country of Greece, picking a safe haven and bonds rather than equities. But as FT Alphaville reporter Lisa Pollack explains, the Dutch bank that issued the bonds she chose was nationalised and all was lost – a consequence of new legislation on bank resolutions.

Uncertainty over the outcome of Italy’s election has strengthened sterling as its safe haven status appeals, in spite of Moody’s downgrade of the UK. James Mackintosh, investment editor, examines the prospects for more of a bounce in sterling.

 Read more

There are two things that matter in investing: what the fundamentals, such as earnings and the economy, are doing, and where they are expected to go. Investment editor James Mackintosh says when sentiment is extreme, investors will react much more strongly to any sign of bad news.

 Read more

The pound fell after it emerged that governor Sir Mervyn King voted for more quantitative easing a fortnight ago. James Mackintosh, investment editor, explains how investors are viewing the prospect of further easing and a weaker pound, after the FTSE 100 rose above 5,400 for the first time in five years.

Germany’s ZEW survey was credited for a good day in the markets after showing investors were more positive about the economy than expected. James Mackintosh, investment editor, wonders about the circularity of the argument, and examines if the ZEW is a reliable indicator.

Michael MacKenzie, the FT’s US markets editor, talks about the recent decline in gold prices and the revival of the carry trade and whether the momentum behind these trades can last