Commodity Gold investors cheered Britain’s historic decision to leave the European Union as the precious metal benefited by massive safe haven appeal amidst heightened political and economic doubt on Brexit. In the Local market, gold futures soared by over 5.5% on Friday while the yellow metal increased the most since the world fiscal market meltdown of 2008 abroad after 51.9% of Brits voted for ‘leave’, overpowering the 48.1% that were campaigning for Britain to stay in the EU. Brexit roiled world shares, commodities and currencies, prompting traders to desire shelter in the safety of the bullion as concerns increased over the contact of Brexit on the world economy with central banks warning of heightened unpredictability rocking fiscal markets.
Epic Research recommends Gold trading range for the day is 29647-30323. For more live commodity and Equity Tips join us.
ReplyDeleteCommodity Gold investors cheered Britain’s historic decision to leave the European Union as the precious metal benefited by massive safe haven appeal amidst heightened political and economic doubt on Brexit.
ReplyDeleteIn the Local market, gold futures soared by over 5.5% on Friday while the yellow metal increased the most since the world fiscal market meltdown of 2008 abroad after 51.9% of Brits voted for ‘leave’, overpowering the 48.1% that were campaigning for Britain to stay in the EU. Brexit roiled world shares, commodities and currencies, prompting traders to desire shelter in the safety of the bullion as concerns increased over the contact of Brexit on the world economy with central banks warning of heightened unpredictability rocking fiscal markets.
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