44299
Gold Highest Since 2008
World Economy

Gold Highest Since 2008

Gold rallied the most since the global financial meltdown of 2008 after the UK voted to leave the European Union, sending markets into a tailspin and investors piling into haven assets, Bloomberg reported. Bullion for immediate delivery jumped as much as 8.1%, the most since 2008, and traded at $1,322.88 an ounce in London. Prices touched a two-year high and trading volume on Comex was eight times the average. Denominated in sterling, the metal soared a record 15% to £972.72. Societe Generale SA said in a note this week that gold could hit $1,400 in the event of a Brexit vote. The metal is up 24% for 2016.

 

Short URL : http://goo.gl/oA0l7i
  1. http://goo.gl/MJzBmB
  • http://goo.gl/2XLTgx
  • http://goo.gl/dNYTLh
  • http://goo.gl/pnOFRa
  • http://goo.gl/HS0qlD

You can also read ...

Qatar Capable of Overcoming Siege Challenges
Qatar affirmed its ability to overcome the challenges of the...
Apple Inc won guarantees from the Trump administration that its lucrative iPhones would ship from China  without being subject to tariffs.
Big companies in the United States from Amazon.com Inc to...
Japan Inflation Inches Higher
Japan’s inflation picked up slightly in June, largely because...
Today, income inequality in the US is greatest among Asians. Asians displaced blacks as the most economically divided racial or ethnic group in the US.
The rich are getting richer and the poor are getting poorer in...
Growing Inflation Looms Large Over India’s Economy
From rising crude oil prices to a poor start to rice-planting...
State-Actors Likely Behind Singapore Cyberattack
State-actors were likely behind Singapore’s biggest ever...
S&P Affirms Russia’s Stable Outlook
Standard & Poor’s said in a statement on Friday that it...
Argentina Making Fiscal Progress
Argentina is “unequivocally” making progress on its goals to...

Trending

Googleplus