Gold and Brexit support fall
From forex.com
Safe haven gold has been largely out of favour over the past few days after its recent rally ended abruptly on Thursday of last week, though a weaker US dollar has helped to keep it afloat. Evidently, it has lost out in favour of riskier assets, such as equities and oil, which have stormed back to life, along with the British pound, after a new opinion poll from the UK suggested that the Remain camp’s support increased in the aftermath of the tragic death of a UK MP. Indeed, gold priced in British pound (see figure 2, below) has dropped a good £76 or 8.1 per cent from its high on Thursday, whereas gold in dollar ...
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