Brexit Uncertainty Pushes Up Gold Price

Gold prices enjoying their best run since the financial crisis – as political and economic uncertainty prevails

Emma Simon 26 February, 2016 | 3:30PM

Gold prices have risen at their fastest level since the financial crisis – on the back of falling sterling prices and uncertainty about the forthcoming  “Brexit” vote.

The price of gold is still significantly below the price reached in 2011 – when it was trading at $1920 an ounce. In early trading on February 26 it was priced at $1233.10 per ounce.

But since the start of the year gold prices have risen by 20%. This represents the fastest seven week rise since the summer of 2011, when the economy was hit by the deepening Euro crisis, the downgrading of US debt and political problem in the UK with widespread urban riots.

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About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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