Brexit and flight to safety propel sterling-priced gold to record high

Reuters/Peter Hobson

“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 of gold in British pounds, one-year, rising trend

Chart courtesy of TradingView


Repost from 8-6-2019

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