Gold’s pointy gains on doubt over Britain’s European Union membership are expected to come to an end, regardless of either Britons opinion to leave or sojourn in Thursday’s referendum.
An “In” opinion is seen as fast unwinding gold’s 5 percent benefit in June, as ardour for risk rises and concentration earnings to a U.S. economy, analysts and account managers say.
Gold fell to a nearby 14-month low in Sep 2008, during a tallness of a 2008-09 financial crisis, and was for a brief time definitely correlated with riskier assets, as liquidity dusty up.
While a “Brexit” opinion competence not be as disruptive as a 2008-09 U.S. subprime crisis, banking swings would impact bullion and financier view could be harm by uncertainty.
Article source: http://www.dailystar.com.lb//Business/International/2016/Jun-23/358395-gold-rush-to-end-whether-or-not-britain-votes-to-exit-eu.ashx