22.06.2016 - HSBC: Gold May React 'Vigorously' To Polls Ahead Of U.K. Referendum
Gold may respond "vigorously" this week to any perceived changes in how U.K. citizens may vote Thursday in a referendum on whether to leave the European Union, says HSBC. The metal rose last week on polls showing the "leave" camp was ahead, but has given up some ground now with more recent polls showing the "remain" camp just might win after all. Polls remain tight, however. "The U.K. referendum presently appears the most influential factor in the gold market and as opinion polls shift and investor perceptions of the likely referendum outcome change, even slightly, we expect the gold market to respond, possibly vigorously," HSBC says. ..............................................Full Article: Source
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