Gold ends near two-week low as investors place bets ahead of Brexit vote

Gold futures finished at their lowest level in almost two weeks on Tuesday, suffering a third-straight session decline as some investors bet that the U.K. will vote to remain in the European Union.

A U.K. referendum on whether Britain will exit the EU—known as Brexit—will be held Thursday, and while polls have been mixed, some have leaned toward the U.K. remaining a member of Europe’s trade bloc, which has dulled haven demand for the precious metal.

Gold for August delivery GCQ6, -0.42% shed $19.60, or 1.5%, to settle at $1,272.50 an ounce—the lowest settlement since June 8. The SPDR Gold Trust ETF GLD, -1.92%  was down 1.6%.

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