Gold eyes 3rd weekly gain, but seen volatile ahead of Brexit vote

June 17, 2016 7:13 PM

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Gold eyes 3rd weekly gain, but seen volatile ahead of Brexit vote

Gold edged up on Friday, supported by a softer dollar, after falling the most in three weeks during a volatile session before that saw bullion scale a near two-year high before surrendering some gains.

The safe-haven asset had breached $1,300 an ounce on Thursday and peaked at $1,315.55 — its strongest since August 2014 — before sliding 1 per cent following the suspension of campaigning for next week’s British referendum on exiting the European Union after a member of Parliament was shot dead.

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