Gold jumped as much as 8% to its highest in more than two years on Friday, after Britons shocked markets by voting to leave the European Union, driving investors toward safe-haven assets such as bullion.
The precious metal posted the biggest rally since the 2008 global financial crisis, tracking other safe havens, such as bonds, as risky assets were dumped from stocks to sterling.
Britain has voted to leave the European Union, results from Thursday’s referendum showed, an outcome that sets the country on an uncertain path and deals the largest setback to European efforts to forge greater unity since World War Two.
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The precious metal posted the biggest rally since the 2008 global financial crisis, tracking other safe havens, such as bonds, as risky assets were dumped from stocks to sterling.
Britain has voted to leave the European Union, results from Thursday’s referendum showed, an outcome that sets the country on an uncertain path and deals the largest setback to European efforts to forge greater unity since World War Two.
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