24 Jun 2016
Gold making fresh highs on wild moves to the upside on Brexit results
Gold has rallied on the risk-off aspect while the vote is almost neck and neck, with 51% to remain vs 49% to leave.
Gold has been bid from $1,248 lows until $1,286 the high so far, Gold is favoured on the upside on a leave vot but it could also be favoured to the upside on a remain in the medium term. However, fundamentally, gold is not about the EU referendum, there are the fundamentals at play behind gold, namely the US economy and the FEd.