Brexit and flight to safety propel sterling-priced gold to record high
“Gold priced in sterling soared to a record high on Monday, spurred by fear of a disorderly British exit from the European Union and a generalised flight to safe-haven assets that intensified with rising U.S.-China trade tensions.”
USAGOLD note: Gold demand is being generated among investors on both sides of the English Channel. Gold is up 26% in the euro and 29% in the British pound. By way of contrast, it is up 22% in U.S. dollars.
Chart courtesy of TradingView
Repost from 8-6-2019