The yellow metal did not fall, as the Bank of England announced no rate cut in July. Gold investors, just like the central bankers, want to wait out the Brexit storm.
The yellow metal did not fall, as the Bank of England announced no rate cut in July. Gold investors, just like the central bankers, want to wait out the Brexit storm.
The Bullion lost value, as certainty in the UK came evident, with Theresa May stepping into the prime ministers seat.
The Bullion paused its surge on Monday, as, amidst uncertainty, the new PM of UK surfaced.
The Bullion once again has paused its surge, as, amidst uncertainty, the new PM of UK surfaced.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge. Because of that, even gold initially dropped slightly for one session after the Brexit, the bullion steadily surged for the past six trading sessions.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Although, the UK referendum has created more issues than solutions,
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments, as gold gained strength.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments, as gold and the Japanese Yen gained strength.
At its highest point gold was 8.2% more expensive today than the yesterday's close.
Demand for safer assets appears to be building up, as during the last nine hours the precious metal has already negated yesterday's 0.5% decline.
After the major surge of commodities on Monday morning, the resources started to lose value, and most of them continue the trend on Wednesday.
After the major surge of commodities on Monday, some commodities fell on Tuesday, and gold is among those few, which lost value.
All major commodities surged on Friday, as every commodity gained at least 1.6%. However, Gold was the worst performer among them.
The risk off sentiment has ended, as commodities mark a loss session at the end of Thursday. Every major commodity suffered losses on Thursday with the top losses being booked by oil, as Brent lost 3.6% and Crude declined by 3.8%.
The risk off sentiment continues, as gold and silver gain on Wednesday. However, other commodities did not succeed to surge.
The markets are still in a risk off sentiment, as gold marks a consecutive five trading session surge with a gain of 0.1% on Tuesday.
The risk off sentiment in the markets does not seem to show a stop, as save currencies and commodities continued to rise on Monday. Gold was one of the top commodities Monday, as it managed to gain 0.8%.