As Bets on Brexit Abated, Gold Retreated

As Bets on Brexit Abated, Gold Retreated

Gold Silver Reports — As bets on Brexit abated, Gold retreated on Thursday after touching a high. Brexit” campaign was suspended following an attack that left a British lawmaker dead.

As Bets on Brexit Abated, Gold Retreated

The safe haven asset breached the $1,300 level and hit a peak of $1,315.55 to touch a near two year high before turning one percent lower following the suspension of campaigning for next week’s Brexit referendum in Britain. While a British Member of Parliament was shot dead in the street on Thursday, causing deep shock across the country and the suspension of campaigning for referendum on the country’s EU membership.

Gold on MCX settled up 0.54% at 30607 while in the earlier session tested a fresh high of 31245 after Comex Gold rallied to advance, eventually posting a high of $1316.25 – the highest since mid-August 2014 – underpinned by safe haven demand. — Neal Bhai Reports

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