Gold recovers ground amid Brexit jitters
|Gold has regained ground over the last hours, erasing early losses, as anxiety grows ahead of the UK referendum results.
The yellow metal fell to a fresh 2-week low around $1,257.50 an ounce amid positive sentiment and hopes the UK will vote to Remain in the European Union. However, as hours went by, optimism faded and the metal claim back ground.
At time of writing, XAU/USD was trading at $1,265.70 an ounce, virtually unchanged on the day.
UK referendum first results are expected around 00:00 GMT, but a reasonably clear picture of the should be from around 04:00 GMT on Friday.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.