✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

PRECIOUS-Gold up 1 pct on UK referendum nerves after leave has early lead

Published 24/06/2016, 09:42 am
© Reuters.  PRECIOUS-Gold up 1 pct on UK referendum nerves after leave has early lead
XAU/USD
-
GC
-

MANILA, June 24 (Reuters) - Gold rose more than 1 percent on Friday after the UK referendum vote count in the north-eastern city of Sunderland showed a stronger-than-expected vote in favour of Britain leaving the European Union.

Spot gold XAU= was up 0.8 percent at $1,265.61 an ounce by 2329 GMT GMT, after rising as high as $1,268.76 earlier.

U.S. gold for August delivery GCcv1 rose 0.5 percent to $1,268.90.

According to official results, 61.3 percent of voters in Sunderland backed leaving the bloc, above the 56.5 percent predicted by J.P. Morgan in an analysis published before the vote.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.