Thursday, July 7, 2016

Gold becomes cheaper to British

Gold becomes cheaper to the British referendum on EU membership

LONDON (Reuters) - Gold is cheaper on Tuesday amid fears of cooling that the UK will vote to secede from the European Union.

Published on Monday, polls showed strengthening the position of the supporters of continued membership in the EU.

Gold in 16.17 MSK traded at $ 1.272,93 per ounce compared to US $ 1.289,75 at the close of trading on Monday, and in the course of trading became cheaper to ten-day low of $ 1.269,51.

Futures in the US fell $ 11.4 to $ 1.283,40 per ounce.

"This week does not leave any important economic data, and gold lacks new momentum in the run-up to the referendum in the UK"- said an analyst at Macquarie Metyu Terner.

Gold touched the high of nearly two years at $ 1.315,55 an ounce last week due to uncertainty about the outcome of the referendum in the UK and after cautious comments about the Fed interest rates.

The assets of the world's largest gold exchange-traded fund (ETF) SPDR Gold Trust on Monday, rose 0.1 percent to 908.77 tons, the highest since September 2013.

Silver traded at $ 17.31 per ounce, compared with $ 17.479 to the close of trading on Monday, platinum worth $ 972.10 compared to $ 983.78, and palladium - $ 542.50 versus $ 546.50.



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