| Gold continues to remain on a strong footing. The “Brexit” fear in the market is helping the yellow metal regain its safe haven status. Bullion prices surged for the third consecutive week. The global spot gold price rose 1.9 per cent last week to close at $1,298.65 per ounce.
Gold prices have skyrocketed 7 per cent over the last three weeks. Gold broke above the psychological $1,300 mark last week to make an intraweek high of $1,315. But prices reversed lower on Thursday after the campaigning in the UK for the referendum was stopped following the murder of Labour MP, Jo Cox. However, gold bounced back once again from the low of $1,276 on Friday to close just below $1,300...............................................Full Article: Source
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