London Independent
July 6, 2016
July 6, 2016
Gold climbed to the highest level in more than two years and silver surged as investors piled into haven assets on concern political turmoil and the UK’s decision to leave the European Union will limit global growth.
Silver futures in Shanghai traded near the highest since 2013.
Gold for immediate delivery advanced as much as 1.1 per cent to $1,371.39 an ounce in London, the highest level since March 2014, and traded at $1,368.70 by 12:33 pm in Singapore, extending gains to a sixth session.
Silver increased as much as 2.4 per cent to $20.4103 an ounce and traded at $20.2830. Futures for the metal in Shanghai increased 2.1 per cent as volume climbed.
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