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Monday, 27 June 2016

Free MCX Tips with Gold News

Spot gold up 1%, investors seek safe-haven after 'Brexit' vote 

Spot gold prices climbed more than 1 percent on Monday as aftershocks from Britain's vote to leave the European Union pushed investors towards the safe-haven asset. The result of the British vote forced the resignation of Prime Minister David Cameron and dealt the biggest blow since World War Two to the European project of forging greater unity.

Spot gold had risen 1.30 percent to USD 1,332.55 an ounce by 0055 GMT, after touching a high of USD 1,335.30 earlier in the day. Bullion prices surged by 4.8 percent in the previous session to top out at USD 1,358.20 - the highest since March 2014.

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