On Monday, gold went down in Asia as weekend surveys demonstrated momentum building for the “Remain” camp in the upcoming Brexit vote.
In New York, August delivery gold futures slumped 0.25%, trading at $1,291.50 per troy ounce. July delivery silver futures sank 0.01%, being worth $17.410 per troy ounce. At the same time July delivery copper futures traded at $2.066 per pound, showing a 0.58 surge.
In Japan, the adjusted trade balance accounted for ¥270 billion. That’s more than the excessive ¥130 billion expected for May. Meanwhile, exports fell 11.3%, which is more than the 10.4% year-on-year dip observed. As for imports, they came in as supposed, with a 13.8% tumble year-on-year.
The overall trade balance came in at a sag of ¥41 billion. It appeared to be the first deficit for up to four months.
Last week, on Friday, gold prices went down, while keeping to the previous session’s 22-month high because trading was still volatile before the UK’s June 23 vote on the EU membership.