LONDON, 24 June 2016 – Sterling fell to its lowest level since 1985 whilst safe haven assets jumped following the result of the UK referendum, says professional investment news and analysis site Portfolio Adviser, quoting BullionVault's head of research Adrian Ash.
The magnitude of the movement within the gold market occurred partly due to the bookies believing the result would be to remain within the EU, it says.
Gold jumped 22% against Sterling overnight, the metal's fastest ever move according to BullionVault.
"Gold offers certainty and security as stock markets and currencies sink, just as it did during the 2008 meltdown," says Adrian Ash, head of research at BullionVault.
"The difference is that this shock was clearly signposted, and many private investors didn't wait for today's result to get prepared."
Read the full report at Portfolio Adviser here:
PA Analysis: Calm heads needed as Leave vote sends complacent markets spiralling
