Gold

Gold exchange-traded commodities (ETCs) saw $500m of inflows in the past three weeks, as investors flocked to the precious metal as the eurozone crisis worsened.

Global equity indices surged higher after China cut interest rates for the first time in four years in a bid to support growth and combat economic slowdown.

Gold slid over 6% last month, making it the biggest May loss for the precious metal since a near 10% fall in 1982.

Investment veteran Jim Rogers has spoken out against the US dollar, describing the perceived safe haven as "terribly flawed".

The Share Centre has ditched T1PS Investment Management's Tom Winnifrith as manager of its two small-cap mandates in favour of former Unicorn founder Peter Webb.

Gold is on course to post a fourth straight month of falls in price, the worst run the yellow metal has experienced since the turn of the millennium.

Investors have pulled almost $900m out of one of the world's largest gold ETFs in a single day, the biggest one-day outflow since August 2011.

Gold had lost a fifth of it value since its peak last year as investors move into cash as fears over the eurozone crisis intensify.

With the spot price of gold at year lows even as equity markets grow nervous over the eurozone once again, analysts are divided on the precious metal's prospects as a safe haven.

The gold spot price fell to a four-month low of $1,596 on Tuesday after the dollar strengthened significantly against the euro and other leading currencies.