LONDON, 24 June 2016 – The gold price has shot up as investors sought safety from market turmoil following the UK's Brexit decision says financial website of the year, ThisIsMoney, quoting BullionVault data.
The fall in the Pound helped the gold price in Sterling jump 20% overnight, whilst the rise in US Dollars was a more modest 4%.
"Gold rocketed this morning as the shock UK referendum result saw carnage in financial markets, prompting a rush to safe haven assets," says the website.
"The surging gold price clearly shows the panic sweeping financial markets, just as it did during the 2008 meltdown." says Adrian Ash, head of research at BullionVault.
The full article can be read at ThisIsMoney here:
Source:
ThisIsMoney
