In the aftermath of Brexit, investors scramble for safe haven assets and set gold and silver on fire. The precious metals have climbed to new highs in recent weeks as investors realize that even a stable currency like Sterling pound can drop in value over-night.
As investors pile into gold, the price of the yellow metal surged by 28%, making it one of the best performing assets to hold. At the rate it is climbing, gold may hit the level of US$1,400 per ounce. This is a remarkable turn-around as previously, gold price has declined to a low of US$1050 per ounce in December 2015.
Precious metals bull-run
The current market sentiments seem to suggest that gold may be at the start of a bull-run. The sustainability of the bull-run will depend whether there are further market shocks that trigger investors to flee for safety. For 2016, shell-shocked investors have already ...
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