World Economy

Gold Declines

Gold DeclinesGold Declines

Gold dropped after posting the biggest two-day gain in more than seven years following the UK’s vote to exit from the European Union, Bloomberg reported. Bullion for immediate delivery lost as much as 0.8% to $1,313.62 an ounce and traded at $1,318.10 in Singapore. The metal surged 5.4% in the last two trading days, the most since January 2009. Gold rallied to the highest level in more than two years on Friday after the shock of the Brexit vote led to a surge in demand for haven assets.