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Updated 03:30 19/08/19

Whatever happens on Thursday bet on gold price volatility

By Duncan Richardson, News Editor

22 Jun 2016

Demand for physical gold has surged in recent weeks as retail and institutional investors scramble to buy investment grade bars and coins. Historically investors turn to the yellow metal times of political and financial uncertainty. Gold has intrinsic value and has a history of maintaining its value when traditional asset classes fall.

With the referendum result too close to call, currency markets have been experiencing extreme volatility. If the leave campaign prevails sterling is expected to fall against the world's major currencies and the gold price to soar.

A number of analysts are predicting the gold price to rise 10% in the event of a Brexit. International markets are holding their breath amid warnings by the world’s central banks that a Brexit could trigger a major sell off in the international equity markets.

Should the United Kingdom vote to remain in the EU on Thursday experts expect volatility to increase as investors re-balance their gold related positions.

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