Gold Price Rises as Investors Seek Safe Havens

As markets remain volatile globally, demand for gold and gilts increases – pushing prices upwards

Emma Simon 24 June, 2016 | 11:57AM

Gold prices continued to move upwards as stock market around the world reacted negatively to the UK’s decision to leave the European Union.

In early trading gold prices rose by more than 6%. The precious metal was trading at $1336.66 - up from $1256.50 last night, before the outcome of the Referendum was known.

Gold is traditionally seen as a safe haven and store of value in times of market turbulence.

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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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