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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