Gold

Victims of a £1m boiler room scam are to be paid back a fraction of their losses after the Financial Services Authority (FSA) secured a court order against the fraudsters behind it.

Gold could be the best asset class to own in 2013 if inflation starts to pick up following major stimulus programmes from central banks, Fidelity's global strategist Andrew Wells has said.

ON 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.