Gold Hit Biggest Loss in 4 Weeks

Gold Hit Biggest Loss in 4 Weeks

Gold Silver Reports — Gold posted the biggest loss in four weeks on speculation that a vote by Britons to stay in the European Union in Thursday’s referendum will undercut demand for the metal as a haven. Silver also fell, and copper rallied.

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The British are staying

The British are staying! The British are staying!Gold Silver Reports — If voters opt to remain in the EU, strategists at Morgan Stanley say the FTSE 100 will rise as much as 14 percent and the Euro Stoxx 50 Index will rally 16 percent. Investors anticipate that the biggest cash pile since 2001 will start flowing back into the region’s stocks.

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How Will a Brexit Vote Impact Gold and Silver Prices?

How Will a Brexit Vote Impact Gold and Silver Prices?Gold Silver Reports — The June 23 referendum on whether or not the UK should leave the EU is fast approaching. New polls show that those favoring a leave vote or “Brexit” are leading by 10 to 20 points. This has sent ripples through the markets, as a Brexit is likely to cause economic chaos in the EU, cripple European banks and lead to a Recession. 

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