Gold gains, oil slides
as early UK vote shows tight race
Gold rose
more than 3 percent and oil futures dropped below USD 50 a barrel amid sharp
price swings on Friday, as official results so far from a British referendum
showed a tight race between campaigns to remain in or leave the European Union.
Copper came off a
seven-week top, but losses were marginal while grains stabilized as initial
results from a referendum on Britain's 43-year EU membership poured in.
China-traded commodities barely reacted, with actively traded iron ore and
rebar futures largely steady.
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