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Gold sinks to lowest level since Brexit vote

Posted on 05 October 2016

Gold slumped 3 per cent to its lowest level since the UK vote to leave the EU as investors eye a US interest rate hike later this year and demand remains weak in India and China. The price of the precious metal fell by the most in more than a year to touch $1,270.4, its lowest level since June 24, the day after the referendum. Shares in gold miners also fell. .
Gold’s 21 per cent rally this year has started to stall as investors take profits and anticipate a second rise in US interest rates in December…………………………………….Full Article: Source


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