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.
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/