There’s More To The Gold Price Rally Than Brexit

There’s More To The Gold Price Rally Than Brexit

Brexit has sparked a rush into safe haven assets, and one of the assets that hs benefited most is gold.

The price of gold spiked at the end of last week as investors rushed to buy the yellow metal seeking a safe haven while markets around the world collapsed. Over the past 30 days the price of gold is up about 8.8%, around $106 per troy ounce. And over the past six months, the price of the yellow metal is up by nearly a quarter, $258 per ounce.

Analysts at Credit Suisse believe the gold’s gains this year have been driven by more than just Brexit. Indeed, the bank’s commodities analysts noted...