WWM - Analytics


    157.25 4.25/10
    100% of positive reviews

    Gold Races to 28-Month High, Oil Pressured As Brexit Fears Return

    (July 6 Reuters) Gold rallied to its highest since 2014 on Wednesday and oil struggled to recover from deep losses, as renewed fears over the impact of Britain's exit from the European Union pushed investors toward safe havens.

    Risk aversion gripped markets - Asian stocks tumbled and sterling plumbed a 31-year low amid worries global efforts to boost liquidity may not be enough to cushion the impact of Brexit. Copper moved away from a two-month high and Chinese commodities were sold off, led by agriculture and iron ore.

    Concerns that financial and political instability in Italy could lead to even more chaos in Europe spooked investors further.

    "The market is beginning to focus on the wider euro zone risk,' said Ric Spooner, chief market analyst at CMC Markets in Sydney.

    Click on the link below to see the full story from Reuters: (by Manolo Serapio Jr.)

    Gold races to 28-month high, oil pressured as Brexit fears return



    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree