Gold price lose ground in the trading on Monday as worries over the Brexit slightly weaken. The possibility of Brexit would boost positions of gold and in case of a positive decision, gold might rise to $1,350 this week.
Gold futures with the delivery in August shed 0.95% to 1.282.50 a troy ounce. Last week the precious metal hit a 2-year high at $1,318.90.
Spot gold lost 1.41% to 1.279.85, the biggest intraday fall since May 24. Meanwhile, gold holdings in the largest EFT-fund SPDR Gold Trust increased by 0.59% to 907.88 tonnes, a high since October 2013.
Silver futures with the delivery in July edged down to 0.29% to 17.355 a troy ounce. We expect that global markets will stay quite volatile until the referendum outcome in the UK, traders should watch carefully the market situation.