28.06.2016 - Gold ETFs See Brexit Bonus As Assets Fly To Safe Havens
The post-Brexit carnage in global markets has left investors scrambling into any asset class that has shown at least some resistance to the rout. Amid the flight to safe havens, gold and gold-backed ETFs have grown even more popular, continuing their 2016 climb. Gold prices climbed to $1,328 per ounce Monday, marking a 23% surge since January versus a 2.1% decline for the S&P 500. With Brexit-fueled uncertainty unlikely to clear up in the near future, analysts don’t expect the metal to lose its shine soon...............................................Full Article: Source
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