THE decision by Britons to leave the European Union in a referendum on June 23 triggered strong selling across global stock markets and led to several currencies turning volatile.
Such uncertainty added with fears for more Brexit-linked tremors has pushed gold prices up 7% since June 23 and 26% in 2016, to U$1,349 per ounce levels as global and local investors envisage gold as safe haven.
For now, currency and financial market outcomes on the global front are arguably extreme. Although stocks bounced back on the notion that contagion from Brexit has been contained after the rout wiped out US$3.6 trillion from equity market, it remains unclear if the worst is over.
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Such uncertainty added with fears for more Brexit-linked tremors has pushed gold prices up 7% since June 23 and 26% in 2016, to U$1,349 per ounce levels as global and local investors envisage gold as safe haven.
For now, currency and financial market outcomes on the global front are arguably extreme. Although stocks bounced back on the notion that contagion from Brexit has been contained after the rout wiped out US$3.6 trillion from equity market, it remains unclear if the worst is over.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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