Gold Silver Reports — Concerns over Britain’s exit from EU are brewing hurting the prospects of gold prompting the yellow metal to decline globally for the third time in four days. Market is weighing on the result of a referendum which decides whether the UK will stay in the European Union or not.
Brexit Impact Gold Report
Bullion for immediate delivery dropped as much as 0.4 percent to $1,285.20 an ounce and traded at $1,285.73 at 11:57 a.m. in Singapore, according to Bloomberg generic pricing.
On Monday gold prices witnessed 1.6 per cent decline which marked the metal’s biggest intraday fall in a month. The yellow metal fell as investors bet the referendum will be in favour of ‘remain’ which reduced the safe haven demand. — Neal Bhai Reports