Gold races to 2-year high as investors seek refuge from Brexit

Gold took off as much as 8% to its most astounding in over two years on Friday after Britain conveyed a stun vote to leave the European Union, sending financial specialists hurrying for assurance in bullion and different resources saw as lower danger.

In sterling terms, gold conveyed twofold digit rate increases to beat 1,000 pounds an ounce without precedent for over three years, energizing as much as 21% in early exchange, while euro-valued gold rose as much as 13%.

Spot gold crested at $1,358.20 per ounce and was up 4.9 pct at $1,317.20 by 2:49 p.m. EDT (1849 GMT). US gold prospects for August conveyance settled up 4.7% at $1,322.4 per ounce, off an early high of $1,362.60 an ounce.

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