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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
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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.

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