Kyle Caldwell examines the forces behind the five-year peak, and the pros and cons for investors.
Hanging over markets is also the question of what comes next.
Fund manager Alasdair McKinnon outlines his views on gold and tech shares, and makes the case for The Scottish Investment Trust in 30 seconds.
Commodities may be set to surge if worries about slowing economic growth subside and the oil glut is addressed.
On the whole investors are adopting a cautious stance, according to findings from two separate surveys.
Net 24 per cent of professional investors surveyed expect global growth to slow in the next year – the worst outlook for the global economy given since 2011.
With just 3.5 per cent return since inception, our manager is disappointed but thinks the portfolio is set fair for all-weather resilience.
A fall in precious metal prices is presenting a buying opportunity
There are signs that bitcoin could be taking over from gold as a safe haven.