Gold jumps above $1300 with 'leave' in lead

Omkar Godbole FXStreet Contributor

Increased Brexit fears and the resulting risk aversion indicated by the FTSE futures and Dow futures pushed gold above $1300/Oz.

The metal clocked a high of $1304.56, before trimming gains to trade around $1290/Oz.

Leave is the frontrunner now and equity futures across the globe are falling rapidly. Dow futures are down 500 points, while DAX futures are down 8%.

Gold Major levels

On the higher side - $1313 (weekly 200-MA)

On the lower side - $1260

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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