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Gold priced in pounds hits highest since May 2013

Published 2016-06-16, 03:45 a/m
© Reuters. Gold priced in pounds hits highest since May 2013

LONDON, June 16 (Reuters) - Gold priced in sterling rose 2
percent on Thursday to its highest since May 2013 as worries
Britain may leave the European Union in a referendum next week
kept the British pound close to a two-month low versus the
dollar GBP= .
Gold denominated in sterling XAUGBP=R hit a high of 928
pounds at 0725 GMT. The metal is usually seen as a safe haven in
times of financial and economic uncertainty.
Global policymakers, including U.S. Federal Reserve Chair
Janet Yellen and Bank of Japan Governor Haruhiko Kuroda, have
highlighted concerns about the June 23 British referendum as
fears of a vote to leave the EU, or Brexit, have rattled
financial markets. The pound and the euro have lost value on
fears a Brexit could tip the 28-member bloc into recession.
Latest polls and bookmakers' odds showed a rising chance of
a Brexit vote. MKTS/GLOB

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